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Tuesday, October 07, 2014

Live Auctions On eBay Will Begin This Week

Ready to raise a virtual paddle at a high-end auction from your computer or smartphone? Earlier this year, eBay announced that it will revive live auctions and team up with fancy real-life auction house Sotheby’s to bring high-end auctions to new audiences. If it works, that could give eBay new income to help the company through its breakup with PayPal.

“Hang on,” you might be saying. “Aren’t all auctions on eBay live?” Well, sure, even a week-long auction islive, but that isn’t what they mean. What eBay users will be able to do, starting on Wednesday during a Swann Gallery auction of African-American fine art, is bid through the site and have a representative of eBay raise a real-life auction paddle on their behalf. Bidders do have to sign up in advance before the event begins.

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1 comment:

Anonymous said...

Not that big of a deal anymore. Proxibid is running live auctions all the time and there are a lot of auctioneers with ebay like sales.