Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Thu May 8 2014 13:23:17

eBay to Try Live Online Auctions... Again

By: Ina Steiner

Sponsored Link

eBay is going to give traditional auctions yet another try, this time partnering with a company called Invaluable, it announced today. This after John Donahoe closed its own eBay Live Auctions live-auction platform in 2009, a year after taking over as CEO of eBay.

It was never certain why Donahoe decided to shutter a profitable part of eBay's business, but early on, he disparaged eBay's "flea market" image, de-emphasized auctions, and launched a period of "disruptive innovation."

The decision to again enter the live-auction business is another of several reversals of Donahoe's strategic decisions. The company has also made significant changes to its fee structure and its feedback system in recent weeks.

In a press release issued today about the deal with Invaluable, eBay wrote:

"The partnership will offer buyers the opportunity to participate in traditional live auctions through real-time online bidding at auction houses around the world. Invaluable's software solutions, including their online live bidding technology, will make it easy for Invaluable's partner auction houses to bring over $4 billion of inventory onto the global eBay platform."

A spokesperson for Invaluable said the partnership to bring live online auctions to the eBay platform was exclusive.

"In the coming months, eBay will launch a new live auction destination, where buyers will be able to participate in traditional live auctions through real-time online bidding at auction houses around the world," she said. "Through the partnership, auction catalogs will be uploaded to Invaluable's live bidding platforms and promoted through eBay, expanding the reach of those sales to eBay's 145 million active buyers. We're extremely excited to bring the incredible selection of unique, high-end artwork, antiques and collectibles on the Invaluable platform to eBay's global community."

For many years traditional auction houses had a difficult time bringing auctions to the Internet, shoppers have become much more comfortable buying high-end items online. Since closing its live auction business in 2009, eBay has witnessed the success traditional auction houses are having online, as well as Amazon's move into offering fine wine and high-end artwork.

Just this week, Christie's announced it was investing $20 million in technology and digital engagement, and yesterday, Christie's CEO Steven Murphy told EcommercBytes the global audience for art is growing, museum attendance has increased again and the art market is continuing to grow.

"This is in part driven by the digital accessibility of art and imagery online," Murphy said.

So who or what is Invaluable? The company was formerly known as Artfact.

We'll be writing more about eBay's reentry into live auctions in Newsflash - please let us know what you think in the comments below.

Note: The post originally (briefly) attributed the quote from the Invaluable spokesperson as coming from eBay.




Comments (57) | Leave Comment | Permalink

Readers Comments

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Ric

Thu May 8 13:33:18 2014

eBay finds it necessary yet again to reverse a John Donahoe decision.

The question is why not address the #1 issue which would be to reverse the decision to hire this incompetent naboob in the first place.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Rexford

Thu May 8 13:34:33 2014

Someone please play Shirley Bassey's History Repeating.

I guess this is what you do when you run out of ideas.  Thinking Day anyone?

Coming soon--an auction site for Pez dispensers.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Philip Cohen
Web Site

Thu May 8 14:40:59 2014

Wot, live auctions, again?

Too funny! Yet another sign of the desperation that must be being felt in the eBay executive suite and board room. Actually, you can smell the decaying flesh from all the way over here in Australia; radical surgery, starting with an immediate Donahoectomy, is the only hope for saving this very unwell patient …

Has Invaluable done their due diligence, or have they been simply absorbing the disingenuous nonsense that constantly suppurates from the eBay Dept of Spin and therefore they have no idea of what a bunch of hopelessly incompetent cowboys they are getting involved with?

And, when is eBay’s sleeping BoD going to wake up and finally accept that the “Pain From Bain”, Johnny Ho, is their real problem? Probably never, while they, and the senior executives—in the form of (unearned) performance bonuses, are the only ones taking home any cash from eBay.

And just what does the "smart money" on Wall Street think about eBay? Well, in August 2007, prior to the GFC, when Johnny Ho was already effectively in control of eBay, the share prices of eBay and Amazon were both ~$40; with eBay recently ~$50 and Amazon ~$288, clearly, Wall Street (still) considers eBay to be a "dog", and Johnny Ho to be a very poor dog handler ...

eBay Inc, where the incompetent mingle with the malevolent and the criminal ... http://bit.ly/11F2eas

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Mr. Me This user has validated their user name.

Thu May 8 14:55:01 2014

eBay is a failed entity , flopping around like a dying fish! No identity nor game plan in sight.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: moto-science This user has validated their user name.

Thu May 8 15:19:41 2014

No hope. Very confused company. As soon they chase off enough Ebay sellers off in August, mark my words :  They will be inviting them back.....Imagine a web site without content.
Already the Ebay catalog shows much less variety.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: The End

Thu May 8 15:22:58 2014

"It was never certain why Donahoe decided to shutter a profitable part of eBay's business..."
Because he was the New Snotty little know-it-all.
Dumb Ass.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Puck

Thu May 8 16:39:57 2014

Once again:
Back to the future.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Mr Mog This user has validated their user name.

Thu May 8 17:08:31 2014

moto-science quote Imagine a web site without content.
Ebay - fast becoming a website without content due to running off all their good sellers. Without them the variety that was ebay is gone. No variety, no buyers. Will ebay ever become the place for variety anymore. Or is the damage already done and the steady decline started. Only to gather pace as more sellers go, taking their buyers with them.  

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Massachusets Howler This user has validated their user name.

Thu May 8 17:29:09 2014

We have to ask:
Will these "auctions" get added exposure as they are ENDING, while ours DO NOT.
WHY would an outside company get better EXPOSURE than ebays long-term sellers.

WE HAVE TO KNOW the answers here!

Is this but another seller who's items will be shown AHEAD OF OURS, making our existing auctions EVEN HARDER to find?

I think we all know the answers to these questions- but Ina- PLEASE ASK THEM DIRECTLY.

Looks like YET ANOTHER ROADBLOCK for sellers to me- HOW COME they cannot show MY auctions- I am a 13 year ROCK-SOLID TRS and our family is physically STARVING as our auctions are not being shown.

How about ebay just CARVE UP the few remaining auction buyers and give them away to big sellers- gee, wait- that is just what they are doing!

I want ALL MY FEES BACK for the last 5 years!!

Mass Howler

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Massachusets Howler This user has validated their user name.

Thu May 8 17:30:57 2014

OHHHHH!
Now I SEE.
JD came on and said "more emphasis for AUCTIONS"- so that this NEW COMPANY can get some business- NOT US!
That's the truth. Read between the smoke.
Mass Howler

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: gramophone-georg This user has validated their user name.

Thu May 8 23:16:12 2014

eBay will always reverse a decision without blinking an eye if it means a  corporate pal can be brought on board  and small sellers can be hidden from view and decimated at the same time here on the "level playing field".

In eBay speak, that's known as a "win- win".

Wonder what sort of fees they'll be paying and how the new feedback/ defect policies will be applied to the new fair haired child? Nyuk, nyuk, nyuk.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Bill

Thu May 8 23:42:55 2014

As Curly used to say:
"What a bunch of Maroons"

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Ming the Merciless

Fri May 9 00:08:49 2014

The question must now be asked seriously.

How much secret kickback is Donahoe getting from unknown sources to run a corporation in this otherwise irrational manner?

Just where does The Ho think these bidders are going to come from?

This guy has more than more than one screw loose.

Is this grossly misdirected blowback from the Icahn challenge?
If so, Icahn got it wrong or The Ho still DOESN'T GET IT.

Ebay is adrift in the middle of the a very large ocean with no sane leadership.

Calling Dr. Phil!

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: summer in the city This user has validated their user name.

Fri May 9 02:26:17 2014


So perhaps Donahoe's been waking up in a cold sweat night after night, confronted with the specter of Jack Ma standing at the foot of his bed, grinning at him...

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Damariscotta This user has validated their user name.

Fri May 9 08:21:22 2014

Some of the live auction houses, including a major one that I attend, used eBay in the past. Since eBay dropped it, they moved on to other systems (and I certainly like the convenience of not tying up an entire day at the live auction when only interested in a few lots). My question is whether they will see the need to give eBay a cut, when they would be able to do this on their own. In the earlier days, they could hope for participation for eBay's major customer base. Nowadays the sophisticated buyers will find the items from the auction house directly, and the rest of the flea-bayers are probably not worth the effort and expense, especially if they hit their $20 spending limit early in the year.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: DingDong This user has validated their user name.

Fri May 9 08:53:51 2014

eBay to Try Live Online Auctions... Again

I got an new ideal for John D. How about a

"Try DEAD Online Auctions"

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: LinneyPinney This user has validated their user name.

Fri May 9 09:08:29 2014

And now they are paying $15.00 for us to refer sellers to the site. This is crazy.  

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Rexford

Fri May 9 10:38:50 2014

I would not refer a seller to eBay for $500.00.

I could not in good conscience do that to someone.

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

by: Mr. Me This user has validated their user name.

Fri May 9 10:43:29 2014

Reminds me of a broken GPS that I just tossed out ....... "RECALCULATING, RECALCULATING, RECALCULATING" ......New COKE ? anyone ?

Perminate Link for eBay to Try Live Online Auctions... Again   eBay to Try Live Online Auctions... Again

This user has validated their user name. by: Ric

Fri May 9 11:23:32 2014

LinneyPinney observes..."And now they are paying $15.00 for us to refer sellers to the site. This is crazy."

Perhaps if John Donahoe's reign of terror against sellers had not taken place, he would not find himself having to offer a bounty to invigorate the seller base.

To parapharse Slim Pickins... We went to all the trouble of running off all these sellers only to find it necessary to beg them to come back... I am depressed.

One has to wonder if eBay will have sufficiently funded this bounty program, or if sellers will find themselves having to wait for their promised rewards.

Click to view more comments
1 2 3  [Next Page]


Login is required to post comments.
To sign in to leave a comment using your AB Verify User Name, fill in the form below. If you have not yet signed up for AB Verify, or if you'd like more information, go to the Registration Page
.

Login for AB Verify
Be sure and use your email address and password to log in.

 
Email:
Password:
 
 Forgot Your Password?
 Even though you are signed in with the AuctionBytes Blog, you will have to sign in to the EcommerceBytes blog. But you can sign in with your existing AB Verify info.