EBay Inc. (EBAY) is working with Sotheby’s (BID) to make sought-after artwork, antiques and collectibles available for auction online.
The companies will begin by placing some live Sotheby’s offerings up for bid in New York on EBay’s website, they said today in a statement. Sotheby’s will be the “anchor tenant” on a redesigned EBay site, with auctions in 18 categories.
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Sotheby’s, based in New York, sees “real opportunity” to expand in the middle market, or sales of artworks priced $50,000 to $2 million, Chief Executive Officer William Ruprecht said in a conference call in May.
Source: Bloomberg
The companies will begin by placing some live Sotheby’s offerings up for bid in New York on EBay’s website, they said today in a statement. Sotheby’s will be the “anchor tenant” on a redesigned EBay site, with auctions in 18 categories.
...
Sotheby’s, based in New York, sees “real opportunity” to expand in the middle market, or sales of artworks priced $50,000 to $2 million, Chief Executive Officer William Ruprecht said in a conference call in May.
Source: Bloomberg