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Coke Formula Claim Goes Up For Auction

Coke Formula Claim Goes Up For Auction

By Sean Patterson May 14, 2013

Every few years someone pops up with a claim that they’ve uncovered the legendary formula for Coca-Cola. The soft drink company has kept the formula a carefully guarded secret for decades, and always shoots down claims. In 2011, public radio …

Bill Gates’ Old Porsche Sells for $80,000 Bill Gates’ Old Porsche Sells for $80,000

According to Wolfgang Humer, a representative from Dorotheum auction house in Vienna, Bill Gates old Porsche 911 aroused quite a bit of interest when it went up for auction. Apparently there were bidders from all over the world, but it …

Huge Ted Williams Auction Kicks Off Saturday Huge Ted Williams Auction Kicks Off Saturday

Baseball fans and sports historians alike are anticipating a giant auction of legend Ted Williams’ memorabilia on Saturday. The auction, set to take place at Boston’s Fenway Park on Saturday has plenty of incredible items, including pieces from Williams’ personal …

Newspapers Launch eBay Competitor Boocoo to Help Boost Revenues
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Over 300 newspapers have joined together with Ranger Data Technologies to launch a new online auction site called Boocoo that would compete with eBay, and hopefully boost newspapers’ revenues. The auction site puts an emphasis on local auctions.

Could an online auction site help newspapers in the revenue department? Tell us what you think.

eBay Starts “5 Free Insertion Fees” Promotion
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If there’s one thing that’s sure to turn the heads of bargain-seekers, it’s the word "free," and a new eBay program capitalizes on this fact by waiving some insertion fees.  Unfortunately, there is a catch or two, and the auction company doesn’t seem likely to win over many of its critics with this move.

eBay Wants Its Sellers Back
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eBayEarly last year, eBay inflicted some damaging policy changes that sent many sellers running for the hills. Now, they apparently are changing the rules to remove negative comments left by customers towards the sellers.

Study: Fear of Losing Drives Auction Prices
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Psychology researchers have suggested fear of losing drives up auction prices, not more “rational” economic principles. So the next time you sense you’re overbidding on eBay, you probably are, not due to any theoretical “price the market will bear,” but instead due to some competitive wiring in your brain that says win at all costs.
Fear of Losing Drives Auction Prices

Noteworthy Videos
Selling Your Soul On The Internet Is Hell
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Things aren’t cool anymore once everybody starts doing them, that’s the Law of Cool*. The same applies to selling one’s immortal soul on the Internet, which has entered let’s-throw-a-toga-party-like-they-did-on-Animal-House status**.  Our latest soul peddler is from New Zealand, who learned like others before him that hosted auction websites don’t want anywhere near his soul or lack thereof.

Google Describes How They Print Money
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The auction-based process used by Google and other search advertising companies sets the keyword price for ads, in a way that Google’s chief economist described as an efficient and equitable process.

eBay Drops Media Fees, Keeps Feedback Changes
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The price for inserting media like books, movies, music, and video games on eBay drops in response to angry seller feedback.

eBayer Auctions Personal Data To Marketers

People sell all kinds of stuff on eBay. The past brings us listings for immortal souls (deleted), Britney Spears hair (mostly deleted), and even cruel Christmas presents (deleted pronto). And now someone is selling his personal data to the highest bidding marketer.

Yahoo Connects Re-Org To Mission
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The minor shuffling Yahoo undertook last year saw the formation of three divisions to oversee the company’s operations. Yahoo Network Division head Jeff Weiner explained how it’s going to work.

eBay: Going, Going, Yahoo Auctions Gone

Those “Highlander” movies (and the television series) are fairly fuzzy memories for me, but I’m quite sure that they involved a bunch of guys running around, chopping each other’s heads off, and absorbing each other’s power.  Well, Yahoo Auctions pretty much decapitated itself, but that act effectively leaves eBay as “the only one.”

Yahoo Auctions Ending Their Run
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In June, Yahoo will give up competing with eBay and other auction sites in the US and Canada by shuttering Yahoo Auctions.

Google To Lobby FCC About Spectrum Auctions

Google, Yahoo, and eBay have enlisted satellite carriers EchoStar and DirecTV to help them lobby the Federal Communications Commission about keeping a close eye on how spectrum auctions are conducted. The alliance aims to put tighter reins on incumbent last mile providers of broadband access.

The last mile and who controls it has been a mounting concern among the major "network-less" players like Google, Yahoo, and eBay. The concern rises from suspicion of the telecommunications industry, and its control over chokepoints.

Virtual Property Auctions Nixed By eBay
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Since the dawn of EverQuest, the godfather of Massively Multiplayer Online Roleplaying Games (MMORPGs), companies have turned a tidy profit from selling virtual items and currency that only exist within the game in exchange for real life cash.

The Auction Media FAQ

Google’s plan to adapt its auction-based advertising system to non-search and offline media, plus the gathering momentum of eBay’s E-Media Exchange, have caused the term “Auction Media” to begin appearing more frequently in industry news coverage.