The evening's donations from both the live and silent auctions totaled nearly RMB1.1 million.

晚会从公开叫拍和无声竞拍共得捐赠近RMB1.1百万。

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The site now hosts real-time webcasts of live auctions once a week or so, with web bidders represented in the real-world auction room by a Dove employee with a paddle.

ECONOMIST: The new old thing

The site now has 12, 000 members and has conducted more than 5, 000 live auctions over the past year, providing it with enough liquidity to start compiling real-time market trends and indices.

ECONOMIST: B2B exchanges

Unlike live wine auctions, where bids are often raised in hundred-dollar increments, an online bid can be upped by just a buck, though the exact amount varies from one site to another.

WSJ: A Guide to Bidding in Online Wine Auctions | On Wine by Lettie Teague