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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (2109)	2/16/1999 12:47:00 PM
From: Sir Auric Goldfinger	Respond to of 2664

BWA HA HA:"Millionaire.com Buys Great Gatsby's Auction for $38.6 Mln 2/16/99 12:41 Millionaire.com Buys Great Gatsby's Auction for $38.6 Mln Hilton Head, South Carolina, Feb. 16 (Bloomberg) -- Millionaire.com, which runs an Internet auction for luxury items, bought Great Gatsby's Auction Gallery Inc. for about $38.6 million in stock as it expands its collection. Hilton Head, South Carolina-based Millionaire issued 4.3 million shares of stock to buy closely held Gatsby's, an Atlanta- based auctioneer and gallery for furniture and artwork. The transaction was completed Friday when the company's shares closed at 8 3/4. They rose 3/4 to 9 1/2 in early afternoon trading today. Millionaire gains Gatsby's 100,000-square-foot auction center, three art galleries, and an antique automobile showroom. ''Their inventory greatly expands our existing collection of rare and luxurious treasures from around the world,'' Robert L. White, president of Millionaire, said in a statement. Gatsby's winter auction last weekend was held live on the Internet and produced about $5 million in sales, primarily of company-owned items. Millionaire's shares more than quadrupled in late December after the company introduced its Web site. The stock closed at a record 25 3/4 on Dec. 29. In addition to its online auctions, the company publishes Millionaire magazine and runs auctions in Hilton Head."