Is The Internet Auction Disappearing? [Headlines]
The novelty and excitement of online bidding has worn off, and companies like eBay have been moving away from the traditional format and exploring new ways to use the platform.
It isn’t that auctions are going to disappear anytime soon, either from eBay or the broader online shopping ecosystem—for certain categories, they’re still common and valuable (80 to 85 percent of eBay’s used-car listings, for instance, are auctions), and eBay still handles millions of auctions annually. But today online auctions are a niche service, whereas a decade ago it seemed to many as if they were going to transform the way everything was bought and sold. Wired