Word: likenesses
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Dates: during 1990-1999
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...today eBay is one of the most dazzling sites on the Internet. Log on and feast your eyes on a global garage sale that includes--well, just about any inanimate object you've ever seen, heard of or lusted after. That Partridge Family lunch box that made you feel like the Man in third grade? The bidding starts at $5. That Art Deco clock you always wanted? There were recently 19 of them being auctioned on eBay. Sure there's kitsch (Elvis snow globes, anyone?), and a scary number of Beanie Babies. But there's also luxe (usually...
...locking in buyers and sellers early. The more people flocked to eBay, the more it became the place to be. But the real genius of eBay is its success in building a community--"maybe the most real community on the entire Web," says Whitman. There's no question people like hanging out in eBayland. The site gets more than 1.5 billion page visits a month. And at a time when the Internet mantra is "stickiness"--how long users stay on a website--eBay is cyberspace superglue. Each visitor to Amazon.com spends an average of 13 min. a month...
...everyone is going to win in the new eBay economy. Hardest hit so far are antiques and collectibles shows, which aggregate items like eBay does, but less efficiently. Joe Spotts, president of L&S Management, owns two shows--one in Denver, the other in Kansas City, Mo.--and he says the number of vendors at both has slid 30% in the past 18 months. And eBay is the reason. "It has the potential of absolutely destroying the business," says Spotts. "I've seen several shows around the country that are near shutting down." Flea markets could be the next...
...comes across entrepreneurs who are trolling the aisles looking for items they can resell for a higher price online. "The code of ethics used to be that you bought things for yourself," she notes. And she objects that eBay's efficiency is making it harder for bargain hunters like herself. A friend recently tried to buy a Pink Floyd eight-track tape on eBay--and watched as it sold for $227. Time was, Hoff says, when you could find eight-track tapes selling for a quarter at thrift shops. "Now everything goes for the highest price anyone in the world...
...fourth largest auction house, Great Collections marks a move by eBay into the high-end market. (The average sale on eBay is currently about $40.) eBay has also begun rolling out local eBays, starting with eBay Los Angeles. The idea is to provide a local market for big items like cars and furniture that can't easily be shipped long distances and for location-specific items like concert tickets...