eBay - Are They the Best Option for Collector Cars?

The Statistics:estimated gross $5,400,000
Most searched for term on eBay: Xbox 360Volume of Non Winning Bids $2,900,000
Most Watched Item: One Owner 1942 VintageAverage Winning Bid: $7,296
Martin D-45 GuitarSuccessful Sales $1,911,000*Estimated eBay
Hmm. No collector cars here!Most Popular MakeRevenue $58,000 (based on current eBay
and Model Listedinsertion fees)
1969 Chevrolet Z-28 Camaro. Low Retail $19,100$24,000 from Auctions reaching the Reserve
Average Winning Bid: $7,296.Price
A staggering $11,804 off a low market price.Top$34,000 from Auctions not reaching the Reserve
Auction:Price (No Sale)
1968 Shelby : Shelby GT500 Matching #sEstimated Fees Collected: $58,000The eBay
Auction ID: 4611842807 - Winning bidMoney Machine
$118,000Auction Results From February 9 toKeeping the above statistics in mind, the
February 22 2006emergence of new online auction sites has been a
1,000 Collectible Automobile Auction listings werebit slow partially because of the tremendous
examinedmarketing power of a multi-billion dollar behemoth
280 Sellers appeared to be dealersthat rivals Wal-Mart in the marketplace. Most have
4,944 Bids Were Placedgone the way of the Mom and Pop stores. One
120 Cars Had 0 Bidsof the biggest challenges faced by alternatives to
263 Cars Reached the Reserve Price (SuccessfuleBay is attracting sellers who are willing to give
Sale) estimated gross $1,911,000them a shot. You need listings to attract bidders
738 Cars Did Not Reach Reserve (No Sale)and you need traffic to attract sellers.