Word: auctions
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Dates: during 1990-1999
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eBay--and the online-auction phenomenon it has spawned--is redrawing America's business landscape. There's scarcely a company in America that won't be affected by the new rules of commercial engagement. "Every week someone will come up to you and say this has changed my business entirely, and you can fill in the blank for what business," says eBay vice president of marketing and business development Steve Westly. "A guy came up to me at the National Auctioneers Association and said, 'I'm in the bull-semen business, and eBay's completely changed the access I have...
eBay is sticking with its core mission of consumer-to-consumer auctions but is also working to expand its reach dramatically. In October, eBay announced a new venture: eBay Great Collections, a new area on the site for antiques and fine collectibles. Along with the acquisition of Butterfield & Butterfield, the world's 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...
...markdown in designer duds. She buys by the armful, goes home to her computer and within a couple of days has set up her own fashion show--on eBay, in full view of anyone with a modem and a yen to bid on the clothes she puts up for auction. Bids race through cyberspace, winners are declared, and Wicker mails the goods to the lucky buyers--and cashes their money orders and cashier's checks, sometimes for a tidy profit and always with the thrill of a successful sale. "I've been waiting for eBay my whole life," she says...
...their travels over the years, she and her husband had acquired acres of stuff. She started posting lots of it for auction. When she was well enough, she began attending public auctions and buying up lots. Today she tests her strength, challenging herself with eBay, working as much as her illness allows. "For me," she says, "it wasn't the sale. It was being part of something again. It was the contact with people. I guess I used it to make me feel better...
...examination of e-commerce would be complete without a look at eBay, the online-auction business that is part swap meet, part town square. Senior writer Adam Cohen not only toured the company in San Jose, Calif., but also flew to Paris (ah, the sacrifices journalists make!) to have coffee with the company's elusive founder, Pierre Omidyar...