Word: ebay
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...real home run derby begins on Tuesday: eBay, the online auction house, is selling off home run balls from Mark McGwire and Sammy Sosa. What will we hear for Nos. 61, 63, 67 and 70 from McGwire, along with Sosa's 61st, 64th, and 66th? EBay has been accepting bids online for the past week; offline partner Guernsey's Auction House is using those as the floor for its live auction in Madison Square Garden starting at noon Eastern time...
Forget the freakish growth spurts of Amazon.com and Ebay -? the weirdest Internet stock of the moment is Broadcast.com. Even as a newborn the stock showed promise, setting a record for the biggest single-day gain of an IPO when it went public last July. When some of the froth settled back then, the CEO confidently said that he wanted the people who bought at the top on the first day to feel that they'd made a great investment. Boy, did they. MORE...
...mail that the next pink bear is about to go on the block? In addition to this service, www.biddersedge.com will simultaneously search listings at several auction sites to find sales of items you want and then link you right to them. Every major auction site, including OnSale and eBay, is covered. Now all you have to worry about is overbidding...
Auction sites are becoming increasingly popular as well. Ebay (www.ebay.com) went public in late September, and its stock value has increased 70 percent since the initial public offering. These sites primarily serve as facilitators of exchange between buyers and sellers, and they have no products themselves. Other auction sites include www.onsale.com and www.webauction.com...
...EBay encourages users to post feedback about their deals; those attracting too many complaints of unscrupulous trading are barred. Some of eBay's competitors have escrow-type accounts and customized delivery services. Auction Universe has just begun offering an optional "Bid$afe" policy with money-back guarantees and insurance coverage of as much as $3,000. Of course, every auction involves risk of some sort. Just ask the crestfallen bidders who lost out on that Ulysses S. Grant pillowcase. Or the collector still looking for a matching kidney...