The Tea Board of India has chalked out a new e-auction system that protects the privacy of the transacting parties, thus enhancing the process of price discovery in a transparent and efficient manner.
The board is now trying to get comments from the stakeholders on the discussion paper on the proposed new system.
Tea auction, under the [...]

US Auction Info
A former Tumwater woman is on the run after Thurston County prosecutors charged her Tuesday in one of the biggest fraud cases in county history.
Sri Lankan native Shaniha Somasundaran allegedly took hundreds of thousands of dollars from people who responded to her eBay offers to sell gold coins. But in many cases Somasundaran [...]

Believed to be one of the rarest Irish banknotes in existence, an Irish £50 note sold in London today for £27,600, a new world record price.
The Bank of Ireland £50 note, dated May 5, 1827, is probably the only one of its kind in private hands today. It bears the serial number 1362 and is [...]

The NRL is offering two return flights (Sydney – Auckland), two tickets to the New Zealand Kiwis v Australian Kangaroos Gillette Tri Nations match at Mt Smart Stadium, 4 nights accommodation, attendance at a Kangaroos training session and a signed test jumper!
Entering the competition is easy and with all profits from the reverse auction going [...]

Tickets for next year’s cricket World Cup on internet auction sites or from third-party outlets will not be honoured, organisers warned today (AEST).
Only tickets sold through authorised travel agents and the International Cricket Council’s public ticketing program will be valid for entry at the tournament, which is being held for the first time in the [...]

An iconic portrait of Mao Zedong, founder of Communist China, has been spared the auction block and will be permanently preserved in a museum, state media reported.
The original model for the Mao painting that hangs above Tiananmen Square was due for auction in June and had been expected to fetch as much as 1.2 million [...]

eBay India Motors Marketplace, the leading online B2B Motors marketplace, announced a significant milestone achieved by the sale of the 100,000th vehicle on the eBay India Motors platform. Mr. Rajan Mehra, Country Manager, New Ventures & Payments, eBay India, today commemorated the occasion by felicitating the Delhi-based buyer and seller who completed this landmark transaction. [...]

US Auction Info
The 76-year-old Lightship New Bedford, one of a handful U.S. lightships remaining in the world, was put up for bid but got no takers as potential buyers grumbled about the conditions the city put on the sale.
The city said 20 historic artifacts – including the ship’s foghorn, beacon, [...]

The compass which helped to create the legend of Lawrence of Arabia, steering him across the desert on a camel during the Arab revolt against the Turks in 1916-18, was sold yesterday for £264,000, together with a cheap watch and an inscribed cigarette case.
The startling price at the Christie’s auction – paid by an anonymous [...]

A Barbie Doll in Midnight Red, dating from 1965, sold for a world record 9,000 pounds ($17,000) on Tuesday as collectors from around the world gathered to bid for a piece of a unique private collection of 4,000 Barbie family dolls.
The doll, which had been priced at up to 600 pounds, became the most expensive [...]