Where do you see the auction market headed?

What we're seeing is a migration of all asset classes of realestate moving into our auction platform. It's a systemic change,where the power of the Internet, coupled with the auction platform,is a powerful tool. The transparency results in higher pricing andmore business. We have over 135 institutional owners looking tosell assets. It's hard to compete with the broad distribution ofthe Internet. When people think of the auction platform, there aretwo main points. One is that people are Dust Bowl depressed. Theother is Van Gogh paintings at Sotheby's. If you have a nice pieceof art, the last thing you do is hire a broker. You go to anauction. We're getting more high-end properties, especially withmultifamily. Lodging is a very hot area. With the economicdownturn, some feel there is more operational upside. We have alsoseen spectacular demand for office and retail.

Check out Auction.com's Thought Leadership page at www.globest.com/auctiondotcom