Sotheby_s Powers ahead with groovy launch of online auctions.
Published:
20 November 1999 y., Saturday
AUSTIN POWERS_ car and a gold bar from an 1857 shipwreck are among the objects being auctioned online today to launch Sotheby_s joint web site with Amazon.com. Sotheby_s will net a 10pc commission for every collectible it sells over sothebys.amazon.com - a hefty commission compared with internet auction house eBay which charges around 2pc. Sotheby_s has set itself a $100m revenue target for the first six months of the web site. The new site means net surfers in the UK, Germany and North America can bid for anything from paintings to sports memorabilia. Every collectible on the internet is authenticated by Sotheby_s 4,500 dealers, paid for by credit card and shipped to the buyer_s home. Diana Brooks, Sotheby_s president and chief executive officer, said sothebys.amazon.com "introduces a world of wonderful - and authenticated - art, objects and collectibles to a global audience. This new medium offers new as well as experienced auction bidders access to the two standards which have ensured Sotheby_s success since 1744 - unrivalled expertise and a vast selection of exciting property." Mrs Brooks added that Sotheby_s is planning to launch its own separate web site, Sothebys.com, "shortly". For Jeff Bezos, the founder of Amazon.com founder and its chief executive officer, the joint venture with Sotheby_s is another step along the road to becoming the world_s biggest e-tailer. In the US, Amazon.com has already moved away from books to music, toys, videogames and electronic goods. Mr Bezos described the joint venture as "a perfect match".
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »