Online auctions to sell assets seized by tax office APEH from individuals who owe back taxes or other liability have increased the income of the state budget by Ft 200 million (over €840,000) since January, writes index.hu.

The new online system is seen as a boon to the APEH because of the flaws association with its offline, “traditional” auction, in which collusions between bidders often held down prices. This has meant a jump of nearly 75% for some prices.

During the first half-year that the APEH’s online auction site has been in operation, 237 auctions were held, and the goods were sold at an average of 72% of their estimated value. APEH considers this as a success, and they plan to introduce auctions for real estate, after some necessary regulatory changes are made.

Turkey will auction 65 sites where underground heat can be used to generate power or supply warm water, Energy Minister Hilmi Guler said on Monday.

The government will invite bids in late September or early October for six areas in southwestern Turkey, where geothermal power generation could reach a total of 800 million kilowatt-hours a year.

On 29 and 30 September 2008 Sotheby’s Amsterdam will offer a selection of sculpture, furniture, paintings, ceramics, silver and works of art from European collections. The common denominator for the items in this sale is the elegant, continental lifestyle of the collectors. Many of the works on offer have been in collections or estates for at least several decades and are therefore fresh to the market. On offer will be such interesting collections as A Distinguished Private Collection from Corsica, the collection of the Dutch Museum van Gerwen-Lemmens, arts and antiques from the Castle Gruitrode in Belgium, a collection of Caricatures by Daumier and works of art from many other private collections.

Giancorrado Ulrich, an art collector from Milan, is suing auction house Sotheby’s for $32 million for a painting by Parmigianino he sent them over three years ago for authentication. The work is titled “Rest on the Flight into Egypt”.

The lawsuit claims “Sotheby’s is responsible for the loss of the painting.”

Christopher Apostle, Sotheby’s director of Old Master Paintings, told the New York intermediary through a letter that the auction house’s paper records showed the painting had been returned.

The art collection of fashion designer Yves Saint Laurent and his partner Pierre Berge has been put up for auction and will be sold in February 2009, auction house Christie’s said.

Christie’s declined to estimate how much the collection was likely to fetch until all items had been identified, but experts have put the figure between 300 and 500 million euros

Saint Laurent, died in Paris in June at the age of 71.

Berlin has cancelled the auction of the federal printing plant in order to prevent sensitive technology or the details of 80m identity card holders from falling into the wrong hands.

A government official confirmed Berlin was preparing a partial renationalisation of the Bundesdruckerei it sold in 2000. The official said the auction process had failed to raise enough interest and bids by Munich-based printer Giesecke & Devrient and TÜV Nord, an inspection and certification company, were too low.

Ketterer’s new auction is almost completed.

On a property covering some 3500 square metres, a three-storey structure will boast a state-of-the-art auction room, a spacious exhibition area, an art lounge with a reading corner, a café bar with a cosmopolitan ambience and, at 8 metres in height by 23 metres in width, what is most likely the world’s biggest art display window. The Munich architecture practice Franz + Sacher have designed it all. And what is so fantastic about it: an ultra-sophisticated lighting concept ensures that the new Munich temple to the arts, including its underground garage, will be shown in the right light.

www.kettererkunst.com

Hungary’s Energy Office is to hold a public auction on October 27 to sell electricity at an MEH-stipulated price, the MEH announced on Thursday.

MVM experts said major European electricity companies in Germany, France and Spain are dominant market powers just as MVM. A Hungarian ministerial decree enacted on January 1 makes it possible to define significant market powers on Hungary’s deregulated electricity market and to regulate their operations. Hungary’s electricity market was fully deregulated in January 1 of this year. (MTI-Econews)

NAPLES, FL - Discount Marketing Corp and Alfred Luckerbauer, the US representatives for DubLi Network, announced today that DubLi, with operational headquarters located in Berlin, Germany is ready to begin their official launch to all countries located in the European Union. Launch date is set for July 8, 2008.

DubLi, a German internet marketing company, has been operating on a limited scale in Europe since 2006. They will be pre-launching the same platform sometime August in the United States and the company is expected to go fully online in the US by September. DubLi is a global trading platform dealing with online auctions and online shopping that is predicted, by some, to surpass the popularity of e-bay by 2010.

The DubLi auction platform consists of a Unique Reverse Auction, the Express and the ZerO auctions. These auctions are a new twist in the internet marketing and e-commerce arena that is sure to create excitement worldwide.

For those involved in the internet marketing industry this company is called a ⠜different⠝ type of business model with the main emphasis being consumer driven rather than traditional plans.

For further information on the company launch go to: http://www.Start-Business.info
Please contact Mr. Luckerbauer at: dubli@discount-marketing.com or call 1-888-476-9256

About Discount Marketing Corp

Discount Marketing Corp is on the cutting edge of internet marketing and e-commerce business opportunities. For further information, please contact us at 1-888-476-9256.

MONCOFA, SPAIN - Ritchie Bros. Auctioneers , the world’s largest industrial auctioneer, conducted the largest Spain auction in Company history last week, selling (euro)20 million (US$32 million) of used and unused heavy equipment and trucks over two days (July 3 & 4, 2008). The unreserved public auction at Ritchie Bros.’ new Moncofa, Spain auction site attracted more than 700 bidders from 47 countries, both in person and over the internet. Out-of-country buyers from as far away as Australia, Romania and South Africa purchased (euro)12 million (US$19 million) of equipment in the auction (60 percent).

“The quality and quantity of equipment in this auction attracted bidders from all over the world, helping us achieve very strong prices on both construction and transportation equipment,” said Jeroen Rijk, Ritchie Bros. Divisional Manager. “The economy in Spain has been quite slow for several years and equipment owners have had difficulty selling their surplus equipment through private sales. Not only did we help our local consignors sell thousands of surplus equipment items, we helped them achieve higher returns by bringing in buyers from other countries, especially the Middle East, Northern Africa and elsewhere in Europe.”

The unreserved public auction featured almost 1,800 used and unused equipment items for the construction, transportation, material handling and other industries. Among the equipment sold: 48 wheel loaders, 30 hydraulic excavators, 53 loader backhoes, 36 skid steer loaders, 72 dump trucks, 105 forklifts, 83 telescopic forklifts, 68 rough terrain forklifts and 61 truck tractors.

Ritchie Bros. was established in Canada in 1958 and has been conducting regular unreserved industrial auctions in Spain since 2000. The July 3 & 4 auction was the Company’s first auction at its new site in Moncofa (between Valencia and Castellon), one of 38 Ritchie Bros. auction sites around the world. The Moncofa regional auction unit replaces the Company’s regional auction unit in Sagunto, near Valencia.

“Our new auction site in Moncofa is good for our customers and good for Ritchie Bros.,” said Mr. Rijk. “It’s twice the size of our former auction site in Spain, which will enable us to accept more consignments and offer our customers a greater selection of equipment and a higher level of service at our upcoming unreserved public auctions.”