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All proceeds from the auction sales of 23 pieces of artworks online were donated 100 percent to charity. All exhibition sales at Tanglin Shopping Centre had 25 percent of the sales proceeds donated to charity. It was a very successful event with 90 percent of artworks both online and at exhibition venue sold.
GLX operates the platform in Singapore, with auctions being conducted based on either Singapore or London time. Parties initiating an auction set the commercial terms, including a reserve price, and select the counterparties they wish to invite into the auction. Successful auctions result in binding sales contracts. [3]
Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. [2]There are currently only two localizations of the service active in Taiwan and Japan; Yahoo! has discontinued the service in the United States, Canada, Singapore, Hong Kong, United Kingdom and Ireland.
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
SIMBA Telecom Pte Ltd, formerly known as TPG Singapore, is a Singaporean telecommunications company and one of four major telecommunication company operating in the country. TPG Singapore was founded in 2016 by Australian businessman David Teoh after winning an auction from Infocomm Media Development Authority (IMDA) for its airwaves rights.
Le Freeport, formerly known as Singapore Freeport, is a high-security storage and display facility in Singapore. [1] A majority stake is held by Natural Le Coultre S.A. of art dealer and shipper Yves Bouvier. [2] Opened near Singapore Changi Airport in May 2010, the facility is modelled after similar institutions in Geneva and Luxembourg.
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In 2016, Bonhams held its first online-only auction; the sale of watches from the collection of a European nobleman. [citation needed] In September 2018, Bonhams was acquired by the UK-based private equity company, Epiris. [8] In January 2022, Bonhams acquired the Nordic auction house Bukowskis for an undisclosed sum. [9]