In a move that, by some, was considered inevitable more than five years ago, Yahoo! has finally announced that its auction site will be closing down. This will only affect the users of the U.S. and Canada Yahoo! Auctions sites, as they are apparently going to be keeping their Asian auction sites open for business. The official quote from the company is as follows: “After careful consideration, we have decided to close down our Yahoo! US and Canada Auction sites to better serve our valued customers through other Yahoo! properties.” The unofficial word on the street is that Yahoo! finally bowed to the overwhelming success of eBay.
The little-used auction site will officially close on June 16, 2007, keeping a skeleton of services available until October 29, 2007.
More information can be found on the official page.
One Response
Yea, I used the Yahoo auctions service a few times when it launched but it just never got the traction needed to make it big.
The critical element was getting buyers aboard – but buyers remained on ebay.