On-line laboratory auctioneer receives $1 Million US in bids in a single day

A LabX auction hit a record $1 Million US in bids for a one-day event. The Quality Lab Excess auction attracted more than 6,300 bids on 646 listings.

The online auction event had a record 83% close rate. "The rapid growth of LabX proves that niche auction marketplaces can thrive in the tailwinds of generic auction giants like eBay and Yahoo," said Bob Kafato, CEO of LabX, a Canadian company based in Midland Ontario.

The next LabX auction event will be held June 2004. Details of this event and other upcoming auctions can be found on the LabX web site: http://www.labx.com

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

Sign in to keep reading

We're committed to providing free access to quality science. By registering and providing insight into your preferences you're joining a community of over 1m science interested individuals and help us to provide you with insightful content whilst keeping our service free.

or

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Johns Hopkins team develops urine-based test for prostate cancer detection