One-day event at online laboratory equipment auction site attracts 6300 bids worth over US$1 million on 646 lots
The Quality Lab Excess auction, held on LabX on 15 April 2004, attracted more than 6300 bids on 646 listings.
The auction event also had a record 83% close rate.
"The growth of LabX proves that niche auction marketplaces can thrive in the tail winds of generic auction giants like eBay and Yahoo," said Bob Kafato, CEO of LabX.
Larry Turner, president of Quality Lab Excess, is very excited with the success of the auction. "The event went very, very well for us.
"We like how the LabX auction site works and the people there were a great help".
The next LabX auction event will be held June 2004. Details of this event and other upcoming auctions can be found on the LabX website.
