Word: ebay
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...town of Johnsonville, Conn. Bezos' is just the latest firm to recognize the Web as the perfect medium to match buyers and sellers in a capitalist free-for-all: Net portal Yahoo rolled out an auction site last fall, and America Online just struck a partnership with industry leader eBay...
...place to find and discover anything our customers might want to buy...[including] car parts and spark plugs," says Bezos, whose firm's ever inflating stock price jumped an additional 15% on the news. Says Larry Schwartz, president of rival Auction Universe: "It's kind of frightening--they cloned eBay...
...really blame them? Each month, some 6 million visitors flock to eBay's sprawling virtual tag sale, according to research firm Media Metrix, right behind Amazon's 8 million. A third of those browsers regularly bid on or sell a selection of nearly 2 million items, including computers, Ginsu knives, baseball cards and model trains, generating about $300 million in total transactions during the fourth quarter of fiscal 1998. "There's a constant trade show going on," says Steve Karas, of New York, who auctions sports cards on the site. By taking a 1.25%-to-5% cut on each...
...case the highly fragmented market for antiques, collectibles and secondhand goods. From experienced antique dealers to homemakers and senior citizens raiding their attics, a new class of grass-roots merchants is setting up shop. "It's becoming a way of life," maintains Steve Westly, vice president of marketing at eBay, who himself has amassed a collection of 3,000 toy soldiers. "People love the thrill of the hunt...
...This Old House and Nova. A knock-off of a long-running British show, it's being propelled by a booming interest in collectibles and Americana, from Beanie Babies to 18th century furniture, and the growth of the Internet, where surfers flock to online auction sites such as eBay and Auction Universe. In a nation full of junk keepers, Roadshow is sending its 10 million viewers rummaging through their attics in the belief that "you could find a sleeper." So says appraiser Leigh Keno, who, along with twin brother Leslie, has become a celebrity from his appearances...