Phillips to Live Stream Sales on Ebay

The Antiques Trade Gazette is reporting that Phillips will join eBay in streaming liveuactions starting September 17th.  Phillips now joins Sotheby's and a nost of other auction houses in joining the eBay auction platform. The article notes that after 5 months and 113 sales on eBay, Sotehby's has seen an increase in online bidders of 55%.

The Antiques Trade Gazette reports
Phillips are to begin-streaming their sales live on eBay’s platform for upmarket auctions of fine art and antiques.

The first catalogue, a New York sale of contemporary art titled New Now, will be available for viewing on September 17.

"This is a significant initiative that allows our clients to easily access our sales and bid in real time on collectable art and design on a platform that spans the globe," said Phillips' CEO Edward Dolman.

Phillips join Sotheby's (who launched in April) on the platform alongside clients of Invaluable, the US-based provider of online live auctions.
Auctioneers pay eBay a commission on each sale that takes place on the site.

In August, after five months and 113 sales on eBay, Sotheby's said the partnership has seen the number of online bidders increase nearly 55%, leading to a 35% increase in the value of successful bids.
Source: Antiques Trade Gazette

No comments: