Items tagged with online auction
You may have noticed that auction site eBay was down for the count or slow loading for a period of time over the weekend. Don't worry, the problem wasn't on your end -- eBay's VP of Global Platform & Infrastructure Group, Sri Shivananda, issued an apology for the recent site troubles, adding that the company believes "unexpected power issues" are to blame. "First, on behalf of the company and our team, I apologize to the eBay customers affected by this incident," Shivananda said. "As a marketplace, we understand how important it is that we maintain a reliable platform for our buyers and sellers. We regret that today we didn’t meet the high expectations our customers have for us." Image...
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Jason Sadler, the creative entrepreneur who figured out he could sell the shirt off his back (literally) for advertising space, has a new scheme in mind. He's selling his last name to the highest bidder, and believe it or not, bids are coming in. If nothing changes between now and when the auction ends on December 12, 2012, his new name will be Jason JLabAudio. JLab Audio, a consumer audio brand based in Tucson, Arizona, currently owns the highest bid at $34,500. That's good for Sadler, who insists he's not concerned with his last name, but if companies are willing to pay that kind of cash, will this become a new trend? It depends on how much people value their identity. After successfully selling...
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Apple's second generation iPad tablet has been on the market for nearly 3 weeks now, and while the Cupertino outfit isn't quite ready to cough up sales data, online auction site eBay does have some numbers to share. As you know, the iPad 2 sold out of most stores during its opening weekend launch, making the tablet hard to come by. But one place out-of-stock items are rarely in short supply is eBay, albeit at hugely inflated prices. More on that in a moment. For now, what we're interested in is how many iPad 2 devices have been moved through the online auction site, and according to eBay, nearly 12,000 units were sold in auction in the two-week period between the U.S. launch and the iPad's launch...
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Many eBay users are up in arms about the changes in fee structure on the site that favor large vendors selling goods at fixed prices on a "Buy it Now" basis instead of eBay's original auction format. The little vendors who have made the site what it is today don't like it, but eBay might simply be acknowledging the obvious: Online auctions were a fad, and the fad might be over. What happened to auctions? Not only do shoppers want convenience, they're also looking for value. And the proliferation of pricing information online has made it easier for consumers to bargain-hunt and lessened the need to risk overbidding in an auction. Hershenson recalls when a new $40 toaster could fetch $80 on eBay,...
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