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OT - Yahoo to shut down auction site

I never used Yahoo Auctions....still waiting for a viable competitor for eBay



Yahoo to shut down auction site
Internet media company says June 16 will be last day to bid or buy from the auction site.
May 9 2007: 8:12 AM EDT


SAN FRANCISCO (Reuters) -- Yahoo has told users it will shut down its North American Web auction site, the second service the world's most visited Internet media company has set to retire in the past week.

According to a message posted on the Yahoo Auctions site at http://auctions.yahoo.com/, the service will no longer accept new auction lists from June 3. The last day to bid or buy goods and services on the auction site is June 16.


Yahoo (Charts, Fortune 500) officials said last week they planned to shut down Yahoo Photos, its first-generation photo storage site, in June. They asked users to move to Yahoo's Web 2.0 photo sharing site, Flickr.

The latest closure applies to Yahoo's U.S. and Canadian auction sites. Still open for business are Yahoo auction sites in three Asian markets - Hong Kong, Singapore and Taiwan.

"After careful consideration, we have decided to close down our Yahoo U.S. and Canada Auction sites to better serve our valued customers through other Yahoo properties," the U.S. auctions site told visitors on Tuesday.

Yahoo continues to offering a range of U.S. e-commerce sites, including ones for shopping, auto sales, classified advertising and small business.

MSN-Yahoo: Watch out Google
On Friday, Jeff Weiner, executive vice president of Yahoo's Network Division, said in a company statement: "We are making great strides in our ongoing efforts to align Yahoo's resources and focus on core strategic priorities."

A Yahoo spokesman was not immediately available to comment on whether the planned closing of the two sites was part of a broader plan to pare back slow-growing services.

The closings have come to light in media reports rather than specific company announcements.

According to audience measurement firm comScore, online auction leader eBay accounted for more than 94 percent of such activity among U.S. Web users last week. Online retail giant Amazon.com's (Charts, Fortune 500) U.S. auction site accounted for one-third of a percentage point, while Yahoo's auctions held only a 0.2 percent share.

"It comes with little surprise given Yahoo's advertising relationship with eBay, and eBay's massive dominance of the auction category," Hitwise research director LeeAnn Prescott wrote in a blog post.

A year ago, eBay (Charts, Fortune 500) and Yahoo announced a strategic alliance to cooperate on a range of services in their core U.S. markets.

As of Friday, May 4, certain Yahoo auction features were discontinued. A limited set of customer service features and account tools will be available through Oct. 29.

Comments

  • Not surprising since they had buried that site, making it virutally impossible to find from their home page many months ago.


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  • CDsNutsCDsNuts Posts: 10,092
    Dammit. Now where am I gonna go to find an 88 Fleer PSA 8 Nolan Ryan for $10?

    Lee
  • Can't imagine the number of people that will get burned on auctions. I don't think they should have announced the closing or even let it get out. Should have just closed it down. I can see a bunch of people buying near the end and not having any support from Yahoo at all. Most of the links I tried are not working as it is. I am sure near the end none will.
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    "The Villain"

    Shiba Rescue Organization
    A Shiba Inu is a terrible thing to waste! image
  • RIP Yahoo auctions. Bought 4 cards there. Once I picked up a 89 F Ripken White Scribble for $25. A deal IMO.
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  • MeteoriteGuyMeteoriteGuy Posts: 7,140 ✭✭
    This last month (?) I bought two Steve Young refractors for $4.00 with shipping and I got a 1988 Topps Bret Sabrahagen PSA 10 last week for $8.00 with shipping, so I guess I will sad to see it go as I have been using it of late. Then again, their search engine was terrible and i usually had to refresh every other page, despite that I am on cable.

    The Sabrehagen I was tossing up if I should pay $8.00 (w.ship) the card was started at like $5.99 with a $6.49 buy it now. I decided to look it up and noticed it was about to end and had a bid, but with their crazy system I was still able to use the buy it now and outbid the bidder. The eBay system is much better I think.

    Still, the more opitions on buying cards (or whatever) the better.

    Clear Skies,
    Mark
    Collecting PSA graded Steve Young, Marcus Allen, Bret Saberhagen and 1980s Topps Cards.
    Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
  • downgoesfrazierdowngoesfrazier Posts: 1,515 ✭✭
    Yahoo has an auction site?
  • schr1stschr1st Posts: 1,677 ✭✭
    You know it was bad when they were offering free listings (with no FVF) and still people woulnd't use it.
    Who is Rober Maris?
  • IronmanfanIronmanfan Posts: 5,505 ✭✭✭✭
    I used it & have a feedback rating of 200 plus....I'll miss it
    Successful dealings with Wcsportscards94558, EagleEyeKid, SamsGirl214, Volver, DwayneDrain, Oaksey25, Griffins, Cardfan07, Etc.
  • sagardsagard Posts: 1,901 ✭✭✭
    Yahoo really blew it in my opinion. Years ago before Ebay stores, they had free listings and a group of buyers. Instead of jumping in with Final Value fees, they jumped in with Listing fees and FVFs. Then their sellers left and their buyers followed. They went back to free listings but their buyers never returned. Dismal. They were keeping Ebay honest for several years, but when they tried to charge Ebay listing fees it was basically a signal to Ebay that they could charge whatever the heck they wanted because there really wasn't a good alternative.
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