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Ebay, Sotheby's Launch New Online Auctions Platform


Ron Burgundy
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An eBay sign is seen at an office building in San Jose, CaliforniaBy Patricia Reaney NEW YORK (Reuters) - Going, going, gone! Sold to the highest bidder at the auction, on the phone or on a new eBay platform that will stream Sotheby's New York auctions live beginning next month. The new live auctions platform - ebay.com/sothebys - that launches on Tuesday pairs Sotheby's 270 years of experience selling art and antiques with eBay's digital expertise and 155 million active users worldwide to meet the demand for online bidding. "What this partnership is about is leveraging eBay's audience and ability to target that audience and find clients that have the means to participate in a Sotheby's auction," Josh Pullan, senior vice president, director of e-commerce at Sotheby's, said. The majority of online sales, it added, was in the $1,000 to $50,000 range.




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