SAN FRANCISCO (Reuters) -
EBay is pulling out of "live
auctions," where members join in real-world auction-house
bidding, in the latest in a series of moves to restructure its
online auctions business, the company said on Tuesday.
The service is located at
http://www.liveauctions.ebay/.
Live Auctions represent a throwback to traditional open
outcry auctions by linking eBay users remotely to auctions
moderated by live auctioneers, both in physical locations or
online. Unlike eBay's typical 10-day window for auctions to
close, Live Auctions conclude when there are no further bids.
In a posting on one of the company's user discussion
boards, a company executive said "maintaining and improving
this platform falls outside our immediate focus, and will,
therefore, be retired at the end of the year."
For several years, eBay has partnered with a small number
of independent auction providers who in turn worked directly
with the live auction houses to supply merchandise and
auctioneers for eBay Live Auctions.
The move will affect several hundred eBay sellers who list
their items directly using the Live Auctions format, said Jim
Ambach, vice president in charge of eBay's Seller Experience.
(Reporting by Eric Auchard; Editing by Braden Reddall)
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