Live Auctions versus eBay

I hadn’t really thought about the impact of internet auctions on live auctions, but this news story sheds some light on the current state of affairs:

Going once, going twice … SOLD!
By Susan Llewelyn Leach
Staff writer of The Christian Science Monitor
August 17, 2005

“Live auctions, no longer reserved for only the well-to-do, cranked out record sales of $217 billion in the US last year. Credit eBay for much of the rise in consumer interest.

…This careful rummaging is the scene of a live auction preview. It offers the thrill of the hunt, two “hunters” acknowledge, and the serendipity of discovering what you never knew you were looking for.

It’s also what the roaring online auction world – eBay and its smaller competitors – can’t match: the chance to handle the merchandise. And paradoxically, rather than cannibalize the live auction market, online sites have actually fed it, by nudging people toward an idea that might formerly have seemed forbidding or only for the well-heeled.”

Read the Full Story >>

Sponsored by:

More Collectible News

Most Expensive Sports Card Ever Sold

1952 Topps Mickey Mantle #311 Today on August 28, 2022 a new record was set for not only the most expensive sports trading card, but the highest priced piece of sports memorabilia ever sold - eclipsing the T-206 Honus Wagner card which sold earlier in August for $7.25...

LeBron James “Triple Logoman” Sports Card

Is this card poised to be the most valuable sports card ever sold? We will find out on June 23. Goldin is auctioning off what they are calling the "Modern Card Grail" - a 2020-21 Panini Flawless Triple Logoman #3LG-LBJ LeBron James Patch Card (#1/1) – PSA Authentic....

Captain America Comics #1 Up for Auction

Heritage Auctions is currently auctioning off this CGC NM 9.4 copy of Captain America Comics #1 San Francisco Pedigree (Timely, 1941) which they describe as one of the best copies ever seen to date and one of the most sought after comics in the comic collecting realm....

Rare Virgil Abloh Sneaker Auction

Sotheby’s Modern Collectibles is currently auctioning off rare pairs of sneakers designed by the legendary Virgil Alboh with some of the items already exceeding the pre-sale estimates. Alboh passed away on November 28, 2021 at the age of 41, after a two-year battle...