In breaking news today eBay have announced that they are to open a chain of physical salerooms in 6 locations across the UK. The news comes as eBay look to capitalise on a new incentive launched by the British government which is encouraging online businesses to branch out into Towns and cities in order to create more jobs.
It seems as though physical auctions are becoming more and more popular with the slew of people getting the auction bug after watching shows such as Bargain Hunt and Cash in the Attic and will give punters the chance not only to bid on items but to put them up for sale aswell.
EBay already has the infrastructure in place which will allow global streaming and bidding at the auctions so you need not worry if there isn’t a location near you as you’ll still be able to grab a piece of the action.
EBay announced today:
“We have decided to take advantage of this new scheme in order to open auction houses in six locations in the UK as we attempt to spread the eBay brand from the digital to the physical world. By doing this we will create approximately 300 new jobs which can only be a good thing for the British economy”
The major selling point of the eBay auction houses
The main selling point will be fees. The industry standard for selling an item in brick and mortar auctions is around 20%. EBay will charge a flat rate for putting your item in auction based on the estimation of its selling price, this is determined by them before the auction, you then pay 10% of the final value fee.
This could be way lower than some regular auctions.
And if your a buyer? The hammer price will be all you pay! No buyers premium to worry about tacked on to the end price.
EBay have said:
“We want to revolutionise the way that sellers and buyers pay for our services and that means taking a different approach when it comes to fees. And if you’re already an eBay seller we can link that to your existing account.”
This approach will ensure that only the more high end items make it to sale, don’t be expecting to buy DVDs and iPhone cases but more like Antiques, collectables and furniture.
Where’s my nearest saleroom?
The six locations haven’t been nailed down with the search for suitable premesis ongoing but towns and cities expected to be chosen are, Glasgow, Newcastle, Manchester, Coventry, Birmingham and a flagship saleroom opening in London.
No word yet on expected opening dates however the word from the top is:
“These things take time and we want to get it right, so look to be collecting your bidding paddles in Spring 2015″
It remains to be seen if this will be a sensible move by eBay but I for one am excited about the prospect of a major player such as eBay taking on the likes of Sorherbys with what could turn out to be a major chain of auctions country wide offering a variety of sales each week.
So if you live near one of the chosen few cities and would like to get rid of your stuff but can’t be bothered with listing it yourself you could take it down to the auctions and have them do it for you!
For the official announcement click here.