“For sale: Rolex date – just oysterquartz **Reduced**” reads the 21st century’s seven-word version of the famous six-word story usually attributed to Hemingway: “For sale: baby shoes. Never worn.” As headlines around the world grow gloomier, it’s party time as usual at the Bloomberg terminal, where traders are selling unwanted Christmas gifts and, perhaps, regrettable auction purchases.
The Bloomberg terminal is a computer software system that is widely used in the banking industry. It’s generally marketed as providing users with financial data and rapid news services. However, Bloomberg also features an array of curious additional functions, such as POSH, which is essentially Gumtree for Rolexes and other luxury items. Users put items, often watches, fancy shoes, phones and fast cars, up for sale and then other users get in contact to buy them.
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