Business
Sotheby's and Phillips launched so-called NFT auctions on Monday, a month after Christie's sold a digital artwork for $69.3 million, as traditional auction houses seek to capitalize on the craze shaking up the art market.
Apr 12, 2021
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Consumer & Gadgets
An unopened copy of Nintendo's Super Mario Bros. that was bought in 1986 and then forgotten about in a desk drawer has sold at auction for $660,000.
Apr 3, 2021
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11
Business
A New York Times columnist on Thursday sold one of his articles in digital form for $563,000, the latest example of the craze surrounding "non fungible tokens," which collectors are snapping up.
Mar 25, 2021
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Telecom
Regulators decided the next U.S. 5G airwaves auction will offer frequencies in portions covering millions of people, a plan backed by wireless giants thirsty for spectrum and opposed by cable providers leery of expensive ...
Mar 17, 2021
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Business
Governments might look askance at bitcoin, but it does not mean they do not want to cash in on its soaring value and France is set to pocket nearly $30 million from its first-ever action of the cryptocurrency, a minister ...
Mar 17, 2021
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9
An unopened copy of a vintage Super Mario Bros. video game has been sold for $114,000 in an auction that underscored the enduring popularity of entertainment created decades ago.
Jul 12, 2020
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Consumer & Gadgets
For Chinese artist Guo O Dong, the simple black Samsung laptop computer, loaded with six potent viruses, symbolizes one of the world's most frightening threats.
May 29, 2019
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19
Business
A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters.
Jan 19, 2023
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8
Business
The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly $220,000, according to an auction house.
Nov 14, 2022
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Business
Bollywood superstar Amitabh Bachchan became the first Indian celebrity to join the global NFT craze by launching an auction of his digital memorabilia on Monday.
Nov 1, 2021
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9
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.
This text uses material from Wikipedia, licensed under CC BY-SA
