And as the pilot phase of the online auction proved successful, the auctioning
of the potatoes through the online commodity exchange platform was formally incepted on September this year.
It is also preferred over the traditional open cry out auctioning
model as SMRA allows both auctioneer and bidder flexibility to simultaneously bid on lots of their choice, privacy and time to make educated decisions during the auction.
On 13 July, the 27 member states adopted the Commission's proposal for the auctioning
, in the latter half of 2012, of 120 million emission allowances under phase three.
"Over the past 17 years since we first started auctioning
property the auction market has exploded.
Call it the "eBay Effect." Consumers and the business world have seen the benefits of auctioning
everything from cars to antiques to fine wines.