The assassination of Ms Benazir Bhutto and the subsequent closure of markets in Pakistan following the eruption of violence upset Pakistani buying at the year-end auctions of the Coonoor Tea Trade Association (CTTA).
Pakistani buyers picked up blacker leaf grades on Thursday, but were sceptical to operate intensively on Friday at the dust auctions following news [...]

GSM mobile operators have found support from the Competition Commission of India which said that competitive bidding was the right method of allocating the scarce spectrum to telecom services provider.
“In India, competitive bidding is used in case of oil and gas blocks, coal blocks and concessions for development of highways and airports and other [...]

Sri Lankan fisherman are using mobile phones to ‘auction’ their catch before reaching shore, allowing them to get better prices, backed by better bargaining power, an official said.
Once the fishermen land their catch, it has to be sold quickly before the fish starts to spoil.
“As soon as they get closer to coverage he [fisherman] calls [...]

BANGALORE: To tap the potential in the floriculture sector, the Union Government has sanctioned six flower auction centres to the State under the Rashtriya Krishi Vikas Yojana (RKVY).
Karnataka, which occupies a prominent position in floriculture in the country, has decided to establish auction centres on the lines of Agricultural Produce Marketing Committees (APMC) in six [...]

Only the really wealthy can afford Gustav Klimt originals which cost millions of dollars.
So a lacquer reproduction priced at about S$400 can be considered a bargain.
And these bargains can be found at a charity auction at The Arts House.
Called ‘Art from the Heart’, the charity auction and sale will see proceeds go [...]

Auctions conducted by HUDA for the 100-acre ‘Empire’ project in Kokapet on Thursday did not evoke much response from bidders.
Of four 25-acre plots each on the strategically important location, only one plot was bid for by Omaxe, a Delhi-based company which quoted just Rs.1 lakh above the upset price of Rs.12 crore. Of the eight [...]

Thangkas, made famous by the Tibetan scroll artists and which later spread to India and Nepal, are enjoying their share of popularity in the art market even now. In fact, they are auctioned overseas by Christie’s and Sotheby’s at periodic intervals and sometimes draw tall bids.
“Some of the art traditions have seen their ups [...]

Changhua bloodstones are considered precious stones in China. Special varieties exist and they are known as “China’s National Treasure’. Chairman Mao once used and treasured two seals composed of bloodstones. Former premier Zhou Enlai also presented similar stones to former Japanese Prime Minister Kakuei Tanaka.
“Although the stones at the auction are precious varieties, nevertheless the [...]

After re-introduction of e-auction, Coal India Ltd is now on its way to introduce one-year forward e-auction of coal through the same platform.
Unlike futures trading where physical market players as well as speculators, investors and hedgers can participate in the bidding process, the participation right to CIL’s forward auction is reserved to the producer and [...]

Myanmar will hold a new auction of gems and jade in January, state media said Friday, amid calls for a boycott and sanctions against the junta following its bloody crackdown on protests.
The auction will take place from January 15 to 19, the state-run Mirror newspaper said without giving further details.
The poverty-stricken country is the source [...]