ITEX is a Great Buy at under $6 Message Board

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Technology Stocks : ITEX is a Great Buy at under $6

ITEX 3.000

0.0%

Jan 28 9:37 AM EST

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To: pcyhuang who wrote (569)	3/28/1999 10:29:00 AM
From: pcyhuang	of 623

Increased Interest ....(Part II) Increased Interest (Part II) "Online auctions at artnet.com will transform the art market from a secretive, intimidating network to an open, accessible market," said Hans Neuendorf, chairman and CEO of artnet.com. Artnet.com will run seven to 30 day auctions with new works going online every day, charging successful buyers a 5 percent commission. Artnet.com won't become a dealer or auction house in the traditional section, but will serve as a Web-based platform to match buyers with dealers. The move puts artnet.com on a collision course with Sotheby's. Earlier this year the online auction house announced that it would begin offering art and other properties through online auctions. Sotheby's plans to offer not only its own consignments, but also, like artnet.com, hopes to serve as a sort of art and collectible auction portal for independent dealers.

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