eBay Expands Live Auctions

Norman Rockwell Painting 'The Dugout' Sells for $345,000 on eBay Live Auctions



Apr 24, 2001, 01:00 ET from eBay Inc.

    SAN JOSE, Calif., April 24 /PRNewswire Interactive Press Release/ --
 eBay Inc. (Nasdaq:   EBAY), the world's leading online trading community today,
 announced an expansion of its Live Auctions tool by adding new product
 categories and support for 17 different monetary currencies.  This will open
 the doors of traditional auction houses to eBay's marketplace, and enable
 trade internationally between bidders and auction houses around the world.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990423/EBAYLOGO )
     Live Auctions is a proprietary technology developed by eBay which allows
 online bidders to participate in the excitement of a traditional auction by
 transmitting online bids from a user's home or office computer to the bidding
 floor of an auction house.
     Initially developed for eBay Premier's high-end arts and antiques market,
 eBay Live Auctions is now available in twelve unique categories, including
 automobiles, wine and specialty auctions.  In addition, Live Auctions will now
 be featured from the eBay home page or directly at www.ebayliveauctions.com.
 Items showcased on eBay Live Auctions come from authorized auction house
 members.  All Live Auctions items are covered by the traditional guarantee
 offered by many auction houses.
     "We are in a unique position at eBay to be able to provide a powerful
 medium for the traditional auction industry -- whether fine art auctions,
 wine, industrial equipment, real estate or autos," said Geoff Iddison, general
 manager of eBay Premier.  "Live Auctions will open up the traditional auction
 marketplace to a wider audience and make it possible for any auction house to
 sell items in eBay's growing marketplace."
     Since its roll out in September 2000, eBay Live Auctions technology has
 shown increasing success in generating strong bidding activity.  To date,
 auction houses that have used Live Auctions technology have seen twenty
 percent of their lots sell to Internet bidders.  Overall, thirty percent of
 their lots have received bids from Internet bidders.
     The highest lot sold through eBay Live Auctions so far was a famous
 painting by Norman Rockwell called "The Dugout" which sold for $345,000 by
 Mastronet's Robert Edward Auctions.  Additionally, at the recent Butterfield's
 Marilyn Monroe sale, 60% of the lots sold to bidders online.
 
     A sampling of Live Auctions coming soon include:
 
     Native American & Tribal Works of Art by Butterfields,
     April 23 at 1:00 p.m. PDT
 
     Fine & Rare Winesby Mid Atlantic, April 29 at 10:00 a.m. PDT
 
     The Spring 2001 Space Memorabilia Auction by Superior Gallery,
     May 5 at 10:00 a.m. PDT
 
     Details and instructions on placing bids using eBay Live Auctions are
 available directly at www.ebayliveauctions.com.  Bidders must first sign up
 for each live auction online as a registered eBay user, and comply with the
 auction house's bidder approval requirements.  Before placing bids using
 Live Auctions, users can browse the catalogues on the site.  Users can place
 bids before and during the sale.  Once received, these bids are sent to the
 salesroom during the traditional auction.
 
     About eBay Inc.
     eBay is the world's online trading community.  Founded in 1995, eBay
 created a powerful marketplace for the sale of goods and services by a
 passionate community of individuals and small businesses.  On any given day,
 there are millions of items listed on the site across thousands of categories.
 eBay enables trade on a local, national and international basis with local
 sites in 60 markets in the United States and country-specific sites in the
 Australia, Austria, Canada, France, Germany, Ireland, Italy, Japan, Korea,
 New Zealand, Switzerland and the United Kingdom.  With the acquisition of
 Half.com in July 2000, eBay's community now benefits from a marketplace
 combining traditional auction-style trading and Half.com's set-price trading.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X51601161
 
 

SOURCE eBay Inc.
    SAN JOSE, Calif., April 24 /PRNewswire Interactive Press Release/ --
 eBay Inc. (Nasdaq:   EBAY), the world's leading online trading community today,
 announced an expansion of its Live Auctions tool by adding new product
 categories and support for 17 different monetary currencies.  This will open
 the doors of traditional auction houses to eBay's marketplace, and enable
 trade internationally between bidders and auction houses around the world.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990423/EBAYLOGO )
     Live Auctions is a proprietary technology developed by eBay which allows
 online bidders to participate in the excitement of a traditional auction by
 transmitting online bids from a user's home or office computer to the bidding
 floor of an auction house.
     Initially developed for eBay Premier's high-end arts and antiques market,
 eBay Live Auctions is now available in twelve unique categories, including
 automobiles, wine and specialty auctions.  In addition, Live Auctions will now
 be featured from the eBay home page or directly at www.ebayliveauctions.com.
 Items showcased on eBay Live Auctions come from authorized auction house
 members.  All Live Auctions items are covered by the traditional guarantee
 offered by many auction houses.
     "We are in a unique position at eBay to be able to provide a powerful
 medium for the traditional auction industry -- whether fine art auctions,
 wine, industrial equipment, real estate or autos," said Geoff Iddison, general
 manager of eBay Premier.  "Live Auctions will open up the traditional auction
 marketplace to a wider audience and make it possible for any auction house to
 sell items in eBay's growing marketplace."
     Since its roll out in September 2000, eBay Live Auctions technology has
 shown increasing success in generating strong bidding activity.  To date,
 auction houses that have used Live Auctions technology have seen twenty
 percent of their lots sell to Internet bidders.  Overall, thirty percent of
 their lots have received bids from Internet bidders.
     The highest lot sold through eBay Live Auctions so far was a famous
 painting by Norman Rockwell called "The Dugout" which sold for $345,000 by
 Mastronet's Robert Edward Auctions.  Additionally, at the recent Butterfield's
 Marilyn Monroe sale, 60% of the lots sold to bidders online.
 
     A sampling of Live Auctions coming soon include:
 
     Native American & Tribal Works of Art by Butterfields,
     April 23 at 1:00 p.m. PDT
 
     Fine & Rare Winesby Mid Atlantic, April 29 at 10:00 a.m. PDT
 
     The Spring 2001 Space Memorabilia Auction by Superior Gallery,
     May 5 at 10:00 a.m. PDT
 
     Details and instructions on placing bids using eBay Live Auctions are
 available directly at www.ebayliveauctions.com.  Bidders must first sign up
 for each live auction online as a registered eBay user, and comply with the
 auction house's bidder approval requirements.  Before placing bids using
 Live Auctions, users can browse the catalogues on the site.  Users can place
 bids before and during the sale.  Once received, these bids are sent to the
 salesroom during the traditional auction.
 
     About eBay Inc.
     eBay is the world's online trading community.  Founded in 1995, eBay
 created a powerful marketplace for the sale of goods and services by a
 passionate community of individuals and small businesses.  On any given day,
 there are millions of items listed on the site across thousands of categories.
 eBay enables trade on a local, national and international basis with local
 sites in 60 markets in the United States and country-specific sites in the
 Australia, Austria, Canada, France, Germany, Ireland, Italy, Japan, Korea,
 New Zealand, Switzerland and the United Kingdom.  With the acquisition of
 Half.com in July 2000, eBay's community now benefits from a marketplace
 combining traditional auction-style trading and Half.com's set-price trading.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X51601161
 
 SOURCE  eBay Inc.