As economy gets uglier, governments sell online

The News Review:

- As economy gets uglier, governments sell online
- Christopher Connelly Appointed Senior Managing Director
- Splendid Splinter Ted Williams’ items not a big score at auction
- West Virginia Soaring Eagle Lodge Condominiums to Sell at Real …
- UPDATE 1-Norway c.bank allots T-bills in bank rescue plan
- Tanzania’s Benchmark Coffee Grade Declines at Auction (Update1)
- Auction company owes $18M; owners may face charges

As economy gets uglier, governments sell online
BusinessWeek 
com, paying a lower commission and reaching a wider customer base than traditional auctions offer. The online auction site exclusively peddles government goods of all kinds, even airplanes, like the one Palin famously put on the auction site.

Christopher Connelly Appointed Senior Managing Director
MarketWatch 
“Chris’ strategic understanding of the national foreclosure market will enable
Zetabid to accelerate its mission of helping financial institutions liquidate
REO at the maximum price. Chris’ ability to help financial services companies
create new solutions will be of tremendous value to Zetabid’s clients. ”

Prior to joining Zetabid, Connelly ran National Home Auction, a national
foreclosure company. Prior to that, Connelly was a Managing Director of
Natixis Capital Markets in New York, where he led the banking effort for the
firm’s asset securitization and finance group. During his six years at
Natixis, Connelly helped the group purchase and securitize more than $20
billion of mortgage loans and maintained a warehouse lending book of more than
$5 billion. About Zetabid

Zetabid makes it easy and convenient for consumers to purchase bank- and
builder-owned homes at Zetabid’s public auctions. A venture of the Los
Angeles Times Media Group, GoIndustry-DoveBid and CataList Homes, Zetabid
expands access to the inventory of residential properties sold at auction and
opens up the market to U.

Splendid Splinter Ted Williams’ items not a big score at auction
Boston Herald, United States 
Yesterday’s Ted Williams estate auction – which hawked a bizarre array of items from the slugger’s former home with ex-wife Dolores Wettach Williams – wasn’t exactly a homerun. In fact, most items fetched the same price or even.

West Virginia Soaring Eagle Lodge Condominiums to Sell at Real …
MarketWatch 
King, based in Gadsden, AL, is the nation’s leading real estate
auction marketing firm specializing in high-value properties such as
condominiums, developments, superluxury homes, ranches and land. King has marketed upscale properties in 49 states and 6 countries with
recent sales in California, Florida, Las Vegas, South Carolina, Oregon,
Texas, Tennessee, Montana and Alabama.
Related from Freewheelintornados: Soaring Eagle squeak by on last-second kick

UPDATE 1-Norway c.bank allots T-bills in bank rescue plan
Forbes, NY 
39 billion) of T-bills on Monday in its first auction of government securities under a rescue plan for financial institutions hit by the liquidity crunch. The package announced in mid-October allows banks to exchange mortgage-backed bonds for up to 350 billion crowns of government securities in a scheme designed to boost liquidity in the money market. com:%20UPDATE%201-Norway%20c.

Tanzania’s Benchmark Coffee Grade Declines at Auction (Update1)
Bloomberg 
4 percent at an auction on Nov. 20 after thequality of the beans declined and amid a drop in prices oninternational markets, the Tanzania Coffee Board said. The top Arabica AA grade sold for $102. 20 to $140 a bag,compared with $107 to $149.

Auction company owes $18M; owners may face charges
Jackson Clarion Ledger, MS 
com”;

Auction company owes $18M; owners may face charges | clarionledger. com | The Clarion-Ledger.

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