| Net auctioneer's profit jumps
EBay Inc., the world's largest online auction company, says its first-quarter profit soared 52 per cent after the company raised fees on items for sale and held more auctions outside the United States. Net income climbed to $377.2 million (U.S.), or 27 cents a share, from $248.3 million, or 17 cents, a year earlier, eBay said yesterday. Excluding some expenses, eBay earned 33 cents, three cents more than analysts estimated. Revenue increased 27 per cent to $1.77 billion as a weaker U.S. dollar and demand in western Europe boosted results internationally. Last year, eBay chief executive officer Meg Whitman more than doubled fees for merchants selling goods at fixed prices. A higher percentage of listings are now leading to sales. "They're still the gorilla," said Rachel Wakefield, portfolio manager for Coldstream Capital Management in Portland, Ore.
Industry Update: Auction Industry Growth Continued in First ...
KANSAS CITY -- Gross sales revenues from auctions by NAA members in the first quarter of 2007 increased 2% over the same-time period one year ago, a study by the NAA has found. If this trend continues, this will translate into approximately $266 billion total revenue for 2007 for the entire auction industry, up from $257.2 billion in 2006, a projected 3.4% increase for all of 2007. This suggests the possibility of a slightly slower growth in the live auction industry in 2007 compared to 2006, when a 7.1% growth rate occurred for all of 2006 over the previous year. The first quarter growth last year was 5.7%. These are the findings documented in a quarterly report of auction industry growth being conducted by global market research firm MORPACE International on behalf of the National Auctioneers Association (NAA).
St. Francis Co. delinquent land auction sale nets $26719
The State Land Office collected close to $28,000 in revenue during the recent sale of tax-delinquent St. Francis County properties. According to a press release from the State Land Office, Commissioner of State Lands Mark Wilcox conducted the auction of tax-delinquent properties at the St. Francis County Courthouse. According to the press release, a total of 25 interested bidders attended the sale, which is held annually by the state to dispose of land on which the taxes have been past due for over four years. Ninety parcels were sold, collecting a total of $26,719.57 for St. Francis County and state government. The Land Commissioners office conducts one tax-delinquent land sale per county each year. A small percentage of certified parcels make it to public auction because a majority of the properties certified to our office are redeemed, which means that the back taxes are paid by the original owner, said Wilcox in the press release.
Decatur receives 4 bids on building fire stations Apparent lowest ...
An apparent winning bid to build three fire stations in Decatur barely met Tuesday's deadline when the construction company's secretary slid the envelop through malfunctioning elevator doors. The elevator temporarily trapped Kim Tham, of Building Construction Associates, as she tried to join the 2 p.m. meeting on the seventh floor of City Hall. With the elevator doors only an inch or two apart, Fire Chief Charlie Johnson couldn't pry them open. "I told her to push the door-close button," Johnson said. "But she said no," slid the bid envelope through the door "and said 'just take this over there.' " Johnson took the bid and said, "someone should call the fire department." The doors opened about a minute later, and the meeting began with a chuckle. Building Construction Associates was the apparent low bidder among four companies, offering to build three fire stations for $4,009,700 in 395 consecutive calendar days.
PlayersOnly.com Auctions WSOP Prize Package
In a unique auction starting this week at PlayersOnly.com, a $12,000 World Series prize package could go for a buck or less.
The popular casino, poker and sportsbetting site has begun taking bids in its World Series Low Bid Auction. The bidder making the lowest unique bid on the prize between now and the close of the auction in June will be able to purchase, for the amount of their winning bid, the deluxe travel package which includes airfare, accommodation and entry to the World Series of Poker.
A chance to play in the Big One, thats every poker players dream, said PlayersOnly.com Brand Manager David Anderson. Vegas World Series Talk about the perfect place to unleash the player in you. Itd be great seeing one of our guys at the Final Table.
To win the auction, bidders must make the lowest unique bid, meaning that If they were the only one to bid one penny, theyd get the $12,000 prize for a cent.
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