Word: evening
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Dates: during 1990-1999
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...putting her wares up for auction on eBay last year and suddenly found herself part of the global marketplace. An Art Deco ashtray she bought for $20 was bid up quickly--and sold for $290. A vase she got for $5 went to a California buyer--for $585. She even sold an old tractor online--for $2,300, to a priest from New York. Checks have been pouring in from as far away as Iceland, Egypt and China. "The top month I ever had in the stall I sold 15 items," she says. "Now I can sell 15 items...
...piles. eBay took in $1,000 the first month, more than it cost to run. Omidyar really knew he was onto something when he put up a listing for a broken $30 laser pointer that he was about to throw out. He fully disclosed that it didn't work--even with new batteries--and started it at $1. Inexplicably, a bidding war ensued, and someone ended up taking it off his hands for $14. Meanwhile, the site's revenues kept doubling: they were $2,500 the second month, then $5,000, then $10,000. Omidyar eventually had another insight...
...before we know it, and eBay's refrain "eBay everywhere" seems destined to become a reality. It's something the National Flea Market Association members are starting to accept. Several members of the association have begun moving online, working to put together virtual-flea-market sites like Fleamarket.com And even diehard thrift-shop mavens are becoming reconciled to the fact that the future belongs to eBay. "You can't stop the wheels from turning," sighs Hoff. "In fact, I have to confess: I just bought something on eBay this morning...
...even 5,600 miles from eBay's San Jose headquarters, he remains the quiet guiding spirit behind the company. Over a few coffees, he set out his personal philosophy--libertarian, communitarian and a bit New Agey. It's a world view that's evident in eBay's headquarters and throughout what Omidyar likes to call the "eBay experience...
...lots of company, among buyers and sellers alike. eBay makes a lot of people happy, and not just because it makes some people rich. The surprise--in more enthusiastic moments, you might even call it the miracle--of eBay is that it offers online consumers something rarer, more essential, more enduring than a chance to make a profit...