Tag Archives: eBay

EBay Begins Streaming Live Sotheby’s Auctions

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[O]n Wednesday, [sic] eBay streamed Sotheby’s’s auctions for the first time, the event could not have been more sedate, more like a day at the library than a cut-and-thrust bidding war over Cameoware dishes. […] Sotheby’s tried a partnership with eBay once before, in 2002, but the experiment quickly fizzled after failing to generate profits. Since then, however, public acceptance of online bidding has grown. According to a report from the European Fine Art Foundation in Maastricht, the Netherlands, online sales last year accounted for nearly $3.6 billion, or 6 percent of global art and antiques sales of about $55 billion, with most sales between $1,000 and $50,000. – William Grimes,The New York Times