By THE AFRICA BAZAAR Staff Writer
Sotheby’s and eBay announced Monday that they are teaming up to develop an online platform that will make it easier for millions of people worldwide to discover, browse and buy exceptional works of art, antiques and collectibles.
EBay plans to launch a newly-designed marketplace on its site tailored for collectors of rare, unique and premium art and collectibles as well as first-time buyers. Sotheby’s will be the preeminent anchor tenant in the revamped marketplace, which will include a new live auction feature and real-time bidding from anywhere around the world. Going forward, the partnership will explore themed and time-based sales, as well as live auctions from Sotheby’s other global salesrooms. Evening Sales will not be included.
EBay and Sotheby’s will start by offering a number of live auctions that are taking place at Sotheby’s headquarters in New York.
Both companies contribute strong capabilities to the partnership. Sotheby’s brings renowned expertise, world-class artwork and collectibles and historic auction experience while eBay’s technology platform, integrated payment solutions and unrivalled skill in attracting online collectors enable a global audience of 145 million active buyers to enjoy frictionless shopping.