Word: auction
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...venture captures these new infonomics better than eBay, the four-year-old auction site. The eBay miracle isn't that it allows you to clean out your attic at a profit--though that's not a bad invention--but that it changes the whole way that we set prices. On eBay, buyers get to decide what something is worth, so objects migrate closer to their true value. Recently a Maine antiques store put an old-fashioned calculator up for sale on eBay for $100. Within a few days the calculator-loving collectors of the Web had bid the price...
...EBAY O.K., so it's prone to outages. It has a few white elephants. It may not even be the best auction website. But this year, eBay became an economic phenomenon second only to the stock market. Every day, 250,000 new items are added and 1.5 million visitors make bids. Even the President praised the site and admitted trading on it. Is there anyone who hasn...
...donor purchased Willa Cather's My Antonia and Lucy Gayheart, Carson McCullers's The Ballad of the Sad Cafe, Grace Paley's The Little Disturbances of Man, and The Portable Dorothy by Dorothy Parker for $10,000 at Christie's auction house in October...
...auction of about 400 of Monroe's books raised about $600,000, which was donated to Literacy Partners, a non-profit organization that promotes adult literacy...
...detailed description of the object, and within two days you get an expert appraisal. The fee for the service, available in early January, is $20. "We can give you a good idea for most objects," says Leslie Hindman, founder of eppraisals and a 20-year veteran of auction houses...