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
Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA).
more »
Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution.
more »
Commission calls for help with reforming EU fishing.
more »
IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs.
more »
As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network.
more »
Crisis or no crisis, secure identity cards will still be needed to cross borders…
more »
A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates
more »
This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year.
more »