Sotheby's and eBay Launch Joint Online Destination for Guaranteed and Authenticated Fine Art, Antiques and Collectibles.Business Editors and High Tech Writers NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 17, 2002 Special Online Auctions At Launch to Feature Hollywood and Rock & Roll Memorabilia, Rolex Watches, Americana, and Furniture and Decorative Works of Art From Several Private Collections and Estates Sotheby's to Use eBay Live Auctions Technology for the First Time When It Offers the Fabled 1933 Double Eagle Gold Coin Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC. On July 30th Sotheby's (NYSE NYSE See: New York Stock Exchange :BID)(www.sothebys.com), the world's oldest fine arts auctioneer, and eBay Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EBAY)(www.ebay.com), the world's online marketplace(TM), have launched their new, joint online auction site for authenticated and guaranteed fine art, antiques and collectibles. In January of 2002 Sotheby's and eBay announced their strategic online alliance, at the core of which is the introduction of Sothebys.com online auctions into the eBay marketplace. The new site features the same collecting categories of fine and decorative art decorative art n. 1. Art produced or intended primarily for utility, including jewelry, furniture, and other crafts. 2. Any of the art forms, such as pottery, weaving, or jewelry making, used to create such art. , antiques, rare books, jewelry and collectibles previously offered on Sothebys.com, and all items offered will continue to be guaranteed by sellers for authenticity and condition. "The launch of Sothebys.com online auctions on eBay marks the beginning of the next important phase in our Internet operations," commented Bill Ruprecht, Sotheby's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our online business has been instrumental in enabling us to reach new markets and bring new clients to Sotheby's. We expect that our alliance with eBay, with its 46 million registered users around the world, will further strengthen Sotheby's Internet business going forward." Property posted on Sothebys.com comes from Sotheby's and its network of dealers and regional auction houses around the world, as well as selected former eBay Premier dealers. Recognized experts in their respective fields, Sothebys.com's Dealer Associates adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. strict standards for quality and integrity, offering a vast selection of fine and decorative art, antiques, rare books, jewelry and collectibles online. Every item offered on Sothebys.com is guaranteed by the seller for both authenticity and condition, so collectors can feel at ease buying rare and valuable items online. "We are pleased to welcome Sothebys.com and its network of worldwide dealers and auctions houses to the eBay community," said Meg Whitman Margaret C. "Meg" Whitman (born August 4, 1956) has been the President and CEO of the online marketplace eBay since March 1998. Whitman joined eBay when the company had 29 employees and operated solely in the United States; eBay is now a global organization with over 11,000 , president and CEO of eBay Inc. "Sothebys.com on eBay presents exciting new opportunities for our users to purchase some of the world's finest World's Finest may refer to:
Additionally, and for the first time, Sotheby's will adopt eBay's Live Auctions technology to enable real-time online bidding for a significant number of Sotheby's traditional auctions held in New York and London. The first of such sales will be the 1933 Double Eagle twenty dollar gold coin on July 30th at 6:00pm in New York. This technology will allow eBay users to participate in the excitement of a Sotheby's traditional auction by bidding online in real time from the location of their choice. Registered and approved users may also leave absentee bids online for live auction items. 1933 Double Eagle Gold Coin This July, Sotheby's and Stack's, the noted New York coin auctioneer, will offer for sale for the first time, on the behalf of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Government, the most valuable gold coin in the world, the fabled and elusive 1933 Double Eagle twenty dollar gold coin. Minted but never issued after President Franklin D. Roosevelt took the country off the gold standard as a way out of the Great Depression, the coin has never been legal to own. The rest of the minting was ordered destroyed, but this example was stolen by a Mint employee in 1933. The coin found its way into the collection of King Farouk, and was withdrawn from a 1954 Sotheby's sale on behalf of the Egyptian government. It went underground for 40 years until it was seized from an English coin dealer in 1996, only to become available for sale as a result of a landmark legal settlement between the United States Government and the dealer. This coin is the only 1933 Double Eagle now or ever authorized for private ownership by the United States Government, and is estimated to sell for $4-6 million. Online bidders, upon prior registration and necessary credit checks, will be able to participate in the auction by bidding in real time or placing absentee bids in advance of the sale. Additionally, the technology enables all users to view a presentation and follow the bidding of the auction. Upcoming Online Auctions Sothebys.com together with its network of Associates have put together an exciting line up of sales this summer with an array of rare and unique items. From the Collectibles category come two very exciting sales - "Hollywood: Past & Present" and "Legends of Rock." With bidding beginning June 18th and concluding June 28th for both, collectors will have the opportunity to bid on an amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. array of memorabilia tracing the history of entertainment. Featured within both of these special online auctions will be property generously donated by some of the brightest stars in the entertainment industry to benefit The Quincy Jones Listen Up Foundation. For collectors of watches and fine jewelry, Sothebys.com will offer special sales including The Diamond Collection, a collection of Signed Jewelry, Rolex Watches, as well as wrist and pocket watches from the Time Museum Collection. Bidding for items in these sales begins June 14 and continues through June 24. Fine art is represented with a sale of Contemporary Art from June 17 to June 27, Modern British and Irish Paintings from June 21 to July 1, and Western and Southwestern American Paintings, featuring an important bronze by Frederic Remington from June 25 to July 5. Bidders will find a wonderful selection of furniture and decorative arts decorative arts, term referring to a variety of applied visual arts, both two- and three-dimensional, including textiles, metalwork, ceramics, books, and woodwork, as well as to certain aspects of architecture (see ornament), public buildings, and private houses (see including British Art Pottery from the Harriman Judd Collection (June 14-24), The John D. Randall Collection of Frank Lloyd Wright Frank Lloyd Wright, Jr. (March 30,1890, Oak Park, Illinois – May 31, 1978, Santa Monica, California), commonly known as Lloyd Wright, was an American architect who did most of his work in Southern California. and Louis Sullivan Artifacts (June 17-27), Property from the Dallas Museum of Art The Dallas Museum of Art is an art museum located in the Arts District of downtown Dallas, Texas, USA along Woodall Rodgers Freeway between St. Paul and Harwood. History Formerly in the Collection of Patsy Lacy Griffith (June 18-28), and American Furniture, Decorative Arts & Folk Art folk art, the art works of a culturally homogeneous people produced by artists without formal training. The forms of such works are generally developed into a tradition that is either cut off from or tenuously connected to the contemporary cultural mainstream. (June 25-July 5). Other special sales of note include Printed and Manuscript Americana, featuring the first dictionary printed in America (est. $275/300,000), Photochroms from the Detroit Photographic Company (June 25-July 5) and an Important Stamp Collection from The Estate of Thelma Polakoff (June 25-July 5). A complete calendar of special auctions can be found on www.sothebys.com. About Sotheby's Holdings, Inc. Sotheby's Holdings, Inc. is the parent company of Sotheby's worldwide live and online auctions, art-related financing and real estate activities. Sotheby's operates in 34 countries, with principal salesrooms located in New York and London. Sotheby's also regularly conducts auctions in 12 other salesrooms around the world, including Australia, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Italy, the Netherlands, Switzerland and Singapore. Sotheby's Holdings, Inc. is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Sotheby's Forward- Looking Statements This release contains certain "forward-looking statements" (as such term is defined in the Securities and Exchange Act of 1934, as amended) relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events and the financial performance of the Company. Such statements are only predictions and involve risks and uncertainties, resulting in the possibility that the actual events or performances will differ materially from such predictions. Major factors, which the Company believes could cause the actual results to differ materially from the predicted results in the "forward-looking statements" include the overall strength of the international economy and financial markets, competition with other auctioneers and art dealers, the volume of consigned property and the marketability at auction of such property, the Company's success in developing and implementing its Internet auction strategy, final resolution of antitrust related matters, including the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community investigation regarding commissions charged by the Company for auction services and other trading terms, the success of the Company's French auction business, market acceptance of the proposed revisions to the Company's existing commission rates and structures, the successful implementation of the Company's restructuring plan and the outcome of the cooperative process in which the Company is engaged with representatives of the Taubman family regarding the potential sale or merger of the Company or the sale of the Taubman stake in the Company About eBay eBay is The World's Online Marketplace(TM). Founded in 1995, eBay created a powerful platform for the sale of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay, as well as on Half.com, eBay's site dedicated to fixed price trading. eBay enables trade on a local, national and international basis with customized sites in markets around the world. eBay Inc.'s Forward-Looking Statements This release contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, consumer acceptance of the Internet as a means to transact in high-end art, antiques and collectibles, consumer acceptance of the Internet auction format for goods that have historically traded offline in the traditional auction business, acceptance of the new website by existing and potential sellers of the two predecessor websites and the laws and related regulations that may limit or restrict the activities of the new website. More information about potential factors which could affect eBay's business and financial results is included in eBay's Form 10-Q Form 10-Q See 10-Q. for the period ended September 30, 2001 under the headings "Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and results of Operations". All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements. |
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