Word: auctions
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ELVIS PRESLEY Auction of his stuff sells for King's ransom. Best items: Army fatigues and Burning Love cape...
...Killing the competition with kindness is more like it. For Bezos has long realized what Wall Street seems to have just awakened to: you can't stick around on the profit margins of a bookstore, or even a book-CD-video-toys-electronic store with the odd auction thrown in (which last year had sales of $1 billion and zero earnings as usual). To stay ahead of the curve, Amazon needs to build the ultimate e-commerce portal: the holy grail; the must-have home page for all online shoppers. And for that you need a shopping agent...
...online merchant lowers its price for a particular item to an amount you're willing to pay. Feeling frugal about that $150 pair of binoculars? No problem; sit back and wait until the market takes it down to $99. Then jump on it. (As you would expect, there are auction bots that do exactly the same for eBay and its clones...
...Ofili's black madonna festooned with elephant dung, Rudolph Giuliani, New York City mayor and all-but-declared U.S. Senate candidate, refused to pay the October installment of the city's $7 million subsidy to the museum. The city further claimed that the institution, in league with Christie's auction house, a sponsor of the show and the seller of $2.6 million of Saatchi's art last year, was knowingly trying to raise the value of Saatchi's collection. It then filed suit to throw the museum--one of the finest in the country--out of the gracious city-owned...
Last week the families of 10 former astronauts held the first-ever auction of U.S. space memorabilia at Christie's in New York City. The final bids for used Apollo and Gemini space junk were wildly extravagant but still pale next to the budget of the space program today. Perhaps NASA should have done some bargain hunting...