NEW YORK (CNNfn) - Sharper Image Corp. saw its stock shoot up Monday after the specialty retailer said it will expand its Web site, sharperimage.com, to include a Sharper Image Product Auction site.
Sharper Image shares were up 8-3/16 at 20-9/16 in late morning trading.
The auction site, which will be accessible from the Sharper Image (SHRP) home page, will feature a wide variety of products from the San Francisco-based company. The site is expected to launch next month.
Richard Thalheimer, the company's chairman, founder and chief executive officer, said "We will auction one-of-a-kind items, some of our newest Sharper Image Design products, as well as established best sellers."
The auction site is being developed with OpenSite Technologies.
Sharper Image operates 87 stores throughout the country and mails millions of catalogs each month. The company also sells products via its Internet catalog.