Latest news with #onlineauctions
Japan Times
01-08-2025
- General
- Japan Times
Large number of Japanese war relics still offered on auction sites
A large number of Japanese World War II relics have found their way to online auction sites, raising concerns among those trying to preserve such items, with Japan set to mark 80 years since the end of the war. As it is difficult to identify the original owners of wartime relics put up for online auctions, in many cases, such goods are not returned to the bereaved families. One expert is calling on the government to establish a dedicated facility for their conservation. Many items such as swords that belonged to soldiers of the Imperial Japanese military and protective hoods used during air raids can be found on eBay. A search on the site using the Japanese words dainijisekaitaisen (World War II), nihon (Japan) and orijinaru (original) shows hits for over 20,000 items. Among them is a military sword priced at $260 (¥38,000) and a gas mask at $600. About 10 years ago, Japan's welfare ministry called on people to refrain from putting up war relics for online auctions, at the request of bereaved families and private organizations. It also asked auction website operators not to accept or sell such goods. The situation apparently remains little changed, however. A search on one auction site using the word kyūnihongun (former Imperial Japanese military) gives more than 3,500 hits, including water bottles and senninbari fabrics used as good-luck charms that belonged to former kamikaze suicide attack pilots. The original owners are unknown for an increasing number of items, after repeated online sales by memorabilia collectors. Chizuko Jaggard, who heads Project Returned Memories Kiseki, a U.S. nonprofit organization working to return wartime items to families of the original owners, said that it is becoming very difficult to get information on the circumstances surrounding wartime relics, including how they ended up in the hands of people who were not their original owners. While the number of relics put up for online auction remains largely unchanged from a few years ago, that of items returned to bereaved families has fallen sharply, Jaggard said. The original owners are unknown for about 95% of all items on auction sites, she said. Kiyofumi Kato, a professor at Komazawa University specializing in modern and contemporary Japanese history, expressed a profound sense of crisis over Japanese wartime items being scattered around the world and lost. According to Kato, museums and other facilities run by the private sector often decline bereaved families' proposals to donate wartime memorabilia, citing a lack of storage space as the main reason. Such items may end up either being thrown away or put up for online auctions. "It's sometimes difficult to establish war-related facilities due to differences in the understanding of history," Kato said. "With 80 years soon set to pass since the end of World War II, we are no longer at a stage where we question whether the war should have been fought or not," he added. "The government should create a facility that offers an opportunity for people to think together, through wartime relics, what the war was about," Kato said.
Zawya
15-07-2025
- Business
- Zawya
Mazad announces the appointment of Nezar Hasan Habib as Chief Executive Officer
Manama, Bahrain – Mazad, Bahrain's leading online auctions platform, and a local portfolio company of Bahrain Mumtalakat Holding Company (Mumtalakat), announced the appointment of Nezar Hasan Habib as Chief Executive Officer, effective 20 July 2025. Nezar brings over twenty years of leadership experience across the telecom and banking sectors in Bahrain and the UAE, most recently served as Director of SME at STC Bahrain. He has a proven track record of building high-performing teams, leading impactful marketing initiatives, crafting innovative go-to-market strategies, and driving business growth. Mazad's Board of Directors, chaired by Marwa Khaled Al Saad, welcomed Nezar and expressed their confidence in his ability to lead Mazad into its next phase. The Board also extended their heartfelt gratitude to outgoing CEO Talal Aloraifi for his efforts and contributions during his tenure. Commenting on the appointment, Marwa stated: 'We are delighted to welcome Nezar as our new Chief Executive Officer. Mazad's entering its next phase with a clear strategy and an exceptional team. We continue to strengthen our core business through deeper government partnerships, while diversifying our portfolio, expanding into new segments, and building a customer-first organization that creates sustainable, long term value for our stakeholders.' 'On behalf of the board, I would like to extend our sincere gratitude to Talal Aref Aloraifi for his leadership and vision in transforming Mazad from a start-up into Bahrain's trusted and leading auction platform. We thank Talal for his invaluable contributions and wish him continued success in his future endeavors,' She added. Commenting on his appointment, Nezar said: 'It is an honor to be entrusted with the responsibility of leading Mazad as its Chief Executive Officer. The company has earned a distinguished reputation as a trusted and forward-thinking leader in the auction industry, and I am excited by the strategic plans we have envisioned to shape its next phase of growth. I am committed to building Mazad's strong foundation by accelerating innovation, strengthening operational excellence and positioning the company as a benchmark across the region. I look forward to working in close collaboration with the Board and our exceptional team to unlock new avenues of growth and elevate Mazad to new heights of success.'
Yahoo
06-07-2025
- Business
- Yahoo
JPMorgan Lowered PT on Copart (CPRT), Kept a Neutral Rating, Here's Why
Copart, Inc. (NASDAQ:CPRT) is one of the 11 Best 52-Week Low Stocks to Buy Right Now. The company released its fiscal third quarter 2025 results on May 22, following which, JPMorgan lowered the firm's price target on Copart, Inc. (NASDAQ:CPRT) from $60 to $55, while keeping a Neutral rating on the stock. Copart, Inc. (NASDAQ:CPRT) delivered revenue of $1.21 billion, reflecting a 7.49% increase year-over-year. Despite the growth, revenue missed expectations by $17.1 million. On the bright side, the EPS of $0.42 came in line with the market expectations. Management noted that while the Global Unit Sales improved 1%, the US segment sales remained flat year-over-year. JPMorgan noted the company faced challenges and missed expectations due to market softness. A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding. Qualivian Investment Partners also mentioned Copart, Inc. (NASDAQ:CPRT) in its Q1 2025 investor letter, noting the company to be a key player in the online auctions sector. The fund noted the online auctions sector to be a two-player oligopoly, where Copart, Inc. (NASDAQ:CPRT) is the larger and better-managed player. Copart, Inc. (NASDAQ:CPRT) is a leading player in the online vehicle auctions and vehicle remarketing services. It provides a platform that enables vehicle sellers to sell vehicles over the internet using its proprietary Virtual Bidding Third Generation (VB3) auction technology. While we acknowledge the potential of CPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
08-06-2025
- Business
- Yahoo
The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties
The city moves away from traditional newspaper advertising in favor of a global online auction platform BENTONVILLE, Ark., June 08, 2025 (GLOBE NEWSWIRE) -- The City of Bentonville, AR is once again partnering with GovDeals, the leading online marketplace for government agencies to sell real estate, vehicles, equipment, and other items, to resume conducting virtual auctions for the city's surplus assets. The shift to online auctions addresses the limitations of traditional newspaper advertising, offering broader reach and increased efficiency in connecting with potential buyers globally. 'We are increasing our GovDeals listings because that is where the buyers are,' said City of Bentonville Purchasing Manager Kelsi Frederick. 'Online auctions provide us with more opportunities to move inventory and secure funds for local initiatives. This decision reflects our commitment to embracing modern, efficient methods of commerce.' Since partnering with GovDeals, the City of Bentonville has successfully generated over $429,000 in sales, demonstrating the effectiveness of online auctions in maximizing revenue from surplus assets. Last year alone, auctioning surplus online netted the city over $142,000, underscoring the financial benefits of this partnership. All forthcoming auctions can be found directly on GovDeals. In order to bid on items from the City of Bentonville or any asset on GovDeals, potential buyers must first create an account and complete the free and easy registration form. New bidder registration can be completed at About GovDeals GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate properties. GovDeals specializes in surplus disposition technology, partnering with government agencies and related entities to sell "as is, where is" surplus assets, equipment, and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. GovDeals is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of customers across the globe. GovDeals buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. CONTACT: Contact: Angela Jones, GovDeals (334)-301-7823 ajones@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
08-06-2025
- Business
- Associated Press
The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties
BENTONVILLE, Ark., June 08, 2025 (GLOBE NEWSWIRE) -- The City of Bentonville, AR is once again partnering with GovDeals, the leading online marketplace for government agencies to sell real estate, vehicles, equipment, and other items, to resume conducting virtual auctions for the city's surplus assets. The shift to online auctions addresses the limitations of traditional newspaper advertising, offering broader reach and increased efficiency in connecting with potential buyers globally. 'We are increasing our GovDeals listings because that is where the buyers are,' said City of Bentonville Purchasing Manager Kelsi Frederick. 'Online auctions provide us with more opportunities to move inventory and secure funds for local initiatives. This decision reflects our commitment to embracing modern, efficient methods of commerce.' Since partnering with GovDeals, the City of Bentonville has successfully generated over $429,000 in sales, demonstrating the effectiveness of online auctions in maximizing revenue from surplus assets. Last year alone, auctioning surplus online netted the city over $142,000, underscoring the financial benefits of this partnership. All forthcoming auctions can be found directly on GovDeals. In order to bid on items from the City of Bentonville or any asset on GovDeals, potential buyers must first create an account and complete the free and easy registration form. New bidder registration can be completed at . About GovDeals GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate properties. GovDeals specializes in surplus disposition technology, partnering with government agencies and related entities to sell 'as is, where is' surplus assets, equipment, and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. GovDeals is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of customers across the globe. GovDeals buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. Contact: Angela Jones, GovDeals (334)-301-7823 [email protected]
