Recent analysis of a leading auction websites reveals statistics on popular categories, successful sales, and last-minute bidding – statistics that are kept under wraps. December 4 2003--Samples of recently completed auctions reveal 54% of listings received zero bids, and only 23% received even one bid, leaving less than a quarter of all listings with multiple bids. Sellers pay their listing fees but fail to make sales. It appears that a significant portion of the leading auction websites annual revenues are for non-performing auctions. "It's time to change the records and standards." Founder of Ende' Bay
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