What is the ruling on launching a satellite channel for conducting public auctions via text messages, knowing that the price is anchored either by the highest bid in a single message or by the largest number of messages?

"There is no legal impediment, according to Islamic law, to selling through public auction via satellite channels and modern communication methods, provided that the Shariah-compliant regulations for selling are observed. Similarly, there is no impediment to opening a channel specifically for auctions, as long as it sells permissible goods and adheres to the Shariah-compliant regulations, because the means take the ruling of their ends."