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Ebay May Bid For Sotheby's

absolute writes, "Who would have thought Ebay the online auction site would ever had a chance to buy the venerable 250-year old auction house Sotheby's? Apparently, Ebay is trying to capitalize on the price fixing scandal at Sotheby's to buy it. The story is here." Hmm. I hope they get Sotheby's sniped from them at the last minute by some guy with a perl script. Update: 02/29 12:04 by R : eBay denies any interest in Sotheby's.

5 of 143 comments (clear)

  1. Fantastic coup for Ebay (if it happens..) by SuperG · · Score: 5

    First of all, the idea of Ebay aquiring Sotheby's strikes me as almost the epitome of the e-commerce age conquering the old commerce age (yeah, yeah, cornyy but you get the idea). Sotheby's and Ebay stand at oppposite ends of the auction spectrum, and I can only see that Ebay grabbing Sotheby's as being great for Ebay. For Sotheby's? I'm not so sure.

    I'm guessing that Ebay would run Sotheby's as a semi-separate entity, maybe running Sotheby's as the "elite end" of the Ebay site. Ebay could either run Sotheby's exclusively as it is now, could attempt to integrate the two (ie. having net bidding on items for auction at Sotheby's and using this as a "reserve price" for the item), or running Sotheby's as the high-end part of the Ebay site.

    Whichever way they go, if Sotheby's is aquired, Ebay will profit. It will be interesting to see what Christie's (Sotheby's 'rival') does if this happens. Will it stay off-line, or enter into a mad rush to try and find a high-profile on-line partner (hello Amazon.com!!).

    Cheers,
    SuperG

  2. Hmm by jesser · · Score: 5
    I'm surprised that Amazon doesn't already own Sotheby's .. Amazon and Sotheby's have been working together for a few months. Also, what is ebay doing acquiring the part of its competition that has been charged with antitrust violations, and is having trouble with the SEC?

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    The shareholder is always right.
  3. eBay Outbid Notice - item 5789731987123: Sotheby's by Glith · · Score: 5

    Dear eBay,

    Heads up! Another eBay user has outbid you on the following item!

    SOTHEBY'S AUCTION HOUSE
    The current bid amount is: $1,600,000,000.25
    The auction closes : Mar-21-00 09:21:24 PST

    Of course, your existing bid may be reinstated if this competitor's bid falls through. You can keep an eye on things if there's still plenty time before the auction closes. Visit
    http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewIte m&item=5789731987123

    Otherwise, you can stay in the running and place another bid. Just visit http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem& item=5789731987123

    Safety tip: now that you're no longer the high bidder, you may be contacted by the seller or another person to sell you a similar item without going through eBay. Because this is against eBay rules and we cannot track such transactions, you would not be eligible for eBay's services that protect buyers, such as insurance or mediation.

    If you have any questions, be sure to visit our Help section; it's best to email us from there rather than replying to this message, as replies here can't be processed. Just click http://pages.ebay.com/help/index.html

    Good luck with your bidding!

  4. A reoccurring theme by Raindeer · · Score: 4

    I think that we will see this alot more in the near future. Companies like Ebay, Amazon etc. need to have something to base the valuations on. An existign company with healthy revenues will be bought and the next year the .com-company will show improved results. Maybe even a profit, sending its valuation even higher. It also alows for bloodsucking the revenues of the acquired company.

    Now the rest of you help me on this, cause it is too late here in the Netherlands :-)

  5. News from the Linux frontlines by Jesus+Christ · · Score: 5
    Torvalds begins work on Linux 2.3.48.9.2.7.43, possibly
    Posted by CmdrTaco on Sunday February 27, @10:36AM
    from the rob-sucks-tarballs dept

    Linus Torvalds, creator of Linux, accidentally hit his keyboard with his elbow today. We have yet to receive confirmation that the resulting code will be be included in the next development kernel, but we can never be too sure. Here is the code in full:
    kjnlkmf ,m58u45knm ,9804
    8v793oy5n9*(&V(*N&

    This won't compile under GCC, so we can only assume the code is pretty experimental. Look for the tarballs to be released this evening.

    Torvalds comments, "What? Oh, yeah, I accidentally hit my keyboard with my elbow when I reached to get my tea. What? Is it part of the new kernel? You're kidding, right?"

    We'll update the article as soon as we get more information. The Linux world hasn't been in such frenzied anticipation since the release of kernel 2.3.48.9.2.7.42, which was about ten minutes ago.


    Interview: Alan Cox farted
    Posted by Hemos on Sunday February 27, @10:34AM
    from the whats-that-smell dept

    Linux guru and hacker-extrodinaire Alan Cox farted earlier today. What do you think this says about the future of Linux development? Alan's ass will respond to the highest moderated posts later this week.


    ESR and JonKatz to participate in "Zealot Deathmatch"
    Posted by Roblimo on Sunday February 27, @10:33AM
    from the die-bitch-die dept

    Open source proponent Eric S. Raymond and Slashdot nutcase JonKatz are reportedly organizing a "Zealot Arena Deathmatch" to raise money for the Apache Software Foundation. The fight is expected to be a tough one, because while Katz is genuinely insane, ESR has the power of girly, elfish looks. A spokesman from Apache says that, "while we don't encourage violence, we'll do anything for money."


    VA Linux aquired by Klingons, Rob bows down to new alien masters
    Posted by emmett on Sunday February 27, @10:32AM
    from the star-shit-enterprise dept

    VA Linux Systems, owner of Andover.net, owner of Slashdot.org, owner of Rob's ass, was officially aquired by the Klingon Empire earlier this morning. The Klingons, who have recently taken over Kellogs, GM, and Disney, are looking forward to absorbing more major corporations in the near future. The US Government is discussing investigating the Klingons for holding a monopoly over "every aspect of our lives", to which the Klingons responded, "Puny human scum! I will crush you like a bug and feast upon your steaming entrails." Finally, some competition for Microsoft!


    Red Hat and VA stock at all time high!
    Posted by CmdrTaco on Sunday February 27, @10:31AM
    from the i-am-so-rich dept

    Dude, have you heard the market reports today? I am so fucking rich! If this keeps up, I'll be able to stop doing this Slashdot crap! Hell yeah!

    I am the Lord.

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    I am the Lord.
    God Hates Moderators.