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Featured Auctions Articles

Ebay Auction: Ebay Selling.Top 10 Secrets Revealed
The Ebay explosion has hit astronomical proportions. Over 11 million people did a search for Ebay last month alone on the internet. From all walks of life, everyone is drawn to Ebay.Some people use Ebay as a hobby to make extra cash. Some people have quit ...

Ebay Introduces A New Way To Increase Your Auction Profits Without Risk
A New Feature You Can Use To Increase Your eBay Profits Until very recently, you had three ways to run an eBay listing for a single item. You could either: (a) Run an auction i.e. upload your item with a starting bid and leave it to the mercy of the ...

The Auction Phenomenon
Online Auctions such as eBay have really grown in popularity over the past few years. And it's easy to understand why. From a buyers perspective when you browse eBay you can find just about anything you might be looking for. From collectable to clothing, ...




Australian online auction upstart takes on eBay
 
An exciting new online auction website, 2Bid.com.au is taking on the global might of eBay in a bid to keep a slice of the auction action in Australia.

The site offers all the powerful features of a major online auction website with two significant differences - it is 100% free to buy, sell or trade items, and, it is 100% Australian owned.

2Bid.com.au was started by local businessman Adam Mulcahy who became frustrated with seeing foreign companies collecting huge amounts of money in fees for Australians to trade with other Australians.

"I find it absurd that Aussies are trading direct with each other yet paying fees to overseas companies for the privilege! I started this online auction website 2Bid.com.au so that Aussies could trade with Aussies completely FREE and not lose money overseas with every transaction."

With 2Bid.com.au it costs nothing to buy, sell, auction, swap or create an online store - there are no commissions, no listing fees and no sales fees. This means 2Bid.com.au has no need to collect members' credit card details making it a safe option for people wary of submitting their credit card details online.

Even with a majority 72% of Australian households having internet connections and 59% of internet users performing buying/selling activities (ACNielsen, 2005), there are still concerns about security and fraud. 2Bid.com.au addresses this issue directly and has opened up online selling to a whole new group of Australians.

Also, because the auction website is only open to Australians it lowers the chance of fraud from overseas users and removes the complexity of international currency and delivery.

"We're taking the global guys on at their own game using the internet to let Aussies trade with Aussies without a slice of revenue going overseas" said Mulcahy.

2Bid.com.au first opened on 10 November 2005 and has since had 6,797 visitors and 2,435 auctions created by its 185 active members. Having established it as a proven concept with secure and efficient services, 2Bid.com.au is now launching to the mainstream Australian market.

About the author:

Australian businessman Adam Mulcahy started 2Bid.com.au after becoming frustrated with seeing foreign companies collecting huge amounts of money in fees for Australians to trade with other Australians.



Auctions News


Builder Avoids Foreclosure Using Real Estate Auctions
SYS-CON Media, NJ - 1 hour ago
7 /PRNewswire/ -- In this increasingly competitive housing market brought on by current economic conditions, builders are turning to real estate auctions to ...

Treasurys down ahead of auctions
MarketWatch - Jan 6, 2009
... more than regular 10-year Treasurys, said Alex Li, interest-rate strategist at Credit Suisse, one of the 17 primary dealers required to bid at auctions. ...
Treasurys Continue to Slide Wall Street Journal
Treasurys down ahead of auctions, ISM data MarketWatch
Treasurys down as auctions loom MarketWatch
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Sify

mocoNews.net - More Possible Delays For India's 3G Auctions
Washington Post, United States - Jan 5, 2009
If the DoT decides to do this, it would mean that the auctions would definitely be delayed, as any changes to the bidding process would then have to be ...
India May Delay 3G Auction, Raise Prices BusinessWeek
DoT Rejects FinMin's Proposal To Hike 3G Reserve Price RTT News
3G price: DoT rejects finmin's demand Economic Times
TeleGeography - TeleGeography
all 105 news articles

Record UK Gilt Sales Raise Risk of Auction Failure
Bloomberg - 8 hours ago
7 (Bloomberg) -- Britain may overwhelm bond investors with a record number of quarterly debt sales, risking the first failed auctions since 2002 as the ...
Investors shun German bond auction Financial Times
Fears over UK gilts going unsold First Post
all 5 news articles

The Market Oracle

TREASURIES-Longer bonds fall on auctions, issuance fears
Reuters - Jan 5, 2009
By John Parry NEW YORK, Jan 5 (Reuters) - Longer-maturity US Treasuries prices fell steeply on Monday, extending the previous session's sell-off as auctions ...
BOND REPORT: Treasurys Down Ahead Of Auctions, Fed Minutes EasyBourse.com
Treasurys down as auctions loom CNNMoney.com
Treasurys Slide; Long Bond Drops Wall Street Journal
Reuters - Reuters
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