Most online sales above $100,000 happen via the electronic bidding channels of auction houses such as Christie's.But this may be changing.
THE NEWS Electronic bidding opened last week for Barry Bond's 755th and 756th home run balls, with the price for the record-breaker starting at $100,000.
Electronic bids can be sent and received in less than the time it would take for someone to raise his hand and the auctioneer to spot it, said auctioneer Gary Murphy.
This protocol is applicable to various electronic businesses, for example, electronic shopping, group purchases, electronic voting, electronic auctions, and electronic bidding.
The other is in dispensing with the shouting of the trading pits in favor of a fully electronic bidding system, much like the one that drives Nasdaq stock trading.
Ellen Philip's elegant, loftlike offices were transformed into an art gallery for the night, and guests got a kick out of tracking the electronic bidding.
Through the use of electronic bidding and information dissemination about procurement procedures and results, corruption has been curbed substantially.
(ii) Road users submit bids with the market-clearing price at the fixed 'cap' supply of travel slots in a given time slice (peak hour) being determined by an electronic sealed bid uniform price Dutch auction.
No surprise that today's order books are filled with feints and parries, made and withdrawn in a blink of the electronic eye 1,000-share eye 1,000-share that are stalking horses for million-share moves.
As the electronic auction bidding hummed along, I was delighted to renew acquaintance with Francis Greenburger, sporting one of his signature bow ties.
