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Auction Fever

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Wanna get rid of that old bookcase? Tired of looking at the glass coffee table in the living room? Or maybe you just want to sell that vile of earth-shattering "blowout" diet pills in your possession (actual item). Well, if and when you decide to dispose of your personal items, you might want to turn first to the Internet, where auction sites such as eBay.com and uBid.com are attracting attention.

According to a recent e-CommercePulse report from Nielsen NetRatings, Milpitas, Calif., and Harris Interactive, Rochester, N.Y., auction sites grossed record revenues for the month of May 2001.

Already the third largest e-commerce category behind books and apparel, auction sites saw 6.2 million visitors make online purchases in May, a figure up 22 percent from the same month in 2000, when 5.1 million users made purchases.--

Data Points
-- EBay.com is where almost everyone goes to sell things. The auction site blew the competition away in May with a revenue share (RS) of 64.3 percent. Nearest competitor uBid.com weighed in with an RS of 14.7 percent. EBay.com also served the happiest e-consumers, scoring a "satisfaction rate" of 8.42.

-- Auction sites grossed revenues of 556 million dollars in May 2001, up 149 percent from 223 million dollars in May 2000.

Source: Nielsen NetRatings & Harris Interactive eCommercePulse, May 2001. Auction sites do not include travel-related sites. Figures for eBay.com do not include figures for Half.com.