Word: auction
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...have to take it for granted that art patronage, as once understood, no longer exists in today's America. People collect art, buying it for their own enjoyment. But spending millions on an inflated comic by Roy Lichtenstein or outbidding a rival heavy hitter at an auction isn't public patronage. Such patronage suggests some intent of public edification, and in the U.S.--thanks to its barbarously ignorant politicians and its media-sodden public--that can no longer be done by high art, even if there was much high art to do it with. If the various bickering factions ever...
...obtain bids for everything from paper clips to laptops and industrial chemicals. Yet buying health care has remained an archaic, labor-intensive and costly process. Both employers and providers have treated health care as too complex and variable to be put up for online bids. As auction software has become more sophisticated, though, companies are using it to award gnarly contracts for relocation, travel and other complicated services. Today these tools are also being adapted to the health-care market by a handful of firms led by IE-Engine. Its software and services, which cost...
Taking on that establishment is John McMahon, 47, CEO of IE-Engine, a sourcing-software specialist who once worked for auction-technology firm Ariba and networking giant Cisco Systems. His year-old start-up counts as customers Dow Chemical, Ford, Lucent, Owens Corning and Staples. "The fact that these creme de la creme companies have signed up validates the idea," says Lou Volpe, 52, a partner at Kodiak Ventures, which has invested $6 million in IE-Engine...
...bargain amount paid at a bankruptcy auction for Enron's "Crooked E," a sign that used to mark the disgraced company's headquarters; two other E's went for $15,000 and $45,000 earlier this year...
...bidding page got thousands of hits, and one (eventually withdrawn) bid of $212,000. But then, aided by the Dartmouth athletic department, some astute chap at eBay figured out that the team wasn’t the swimmer’s boyfriend’s to sell. End of auction...