No More 3rd Party Live Auctions On eBay
eBay, the online auction company known for connecting auctioneers and buyers is turning off one of their features. Â eBay is bailing on it’s live auction feature. Â This feature allowed 3rd parties to sell items in real-time on the auction web site. Â
I can understand why eBay may want to eliminate this feature. Â I’m sure running real-time auctions online can be expensive to host. Â But some of the other moves that eBay is making can be questionable. Â Read some of the eBay user responsesÂ here.
eBay Live Auctions is shutting down on December 31, 2008. Â Live Auctions typically conclude when there are no longer any bids versus eBay’s typical 10-day buying window for auctions. Â Â
LiveAuctioneers, one of the 3rd parties that benefitted from eBay Live Auctions is setting up its own independent shop to sell art and other antiques. Â LiveAuctioneers has about 2.5 million active buyers and usually lists 60,000-100,000 items on eBay with a value of over $2.2 billion.
 Â AP:Â EBay says it will end auction house collaboration by Amanda Fehd