eBay has long been the leader in online auctions, but the venerable giant is facing rising competition in emerging economies from indigenous companies on a mission.

Ebay is launching its Fashion Vault service today, officially, after running the system as a trial for several months. The store, as its name suggests, sells clothing at cheap prices, but not just any clothes, as FV offers real designer labels.

The Guggenheim is auctioning off the works displayed in its recent exhibition, Contemplating the Void.

For the last few years, Phillips de Pury, a hoary auction house, has been running an auction series specifically dedicated to cultivating hip, young collectors with lower priced items, in the hopes that they'll blossom into the next generation of mega buyers. Read More »