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eBay Inc (EBAY)’s Sotheby’s Auctions Start April 1

eBay Inc (NASDAQ:EBAY)’s new auction site in partnership with Sotheby’s is set to have its first auction on April 1, Sue Herera said in a report for CNBC.

The partnership with eBay Inc (NASDAQ:EBAY) to create a new high-end online auction site was revealed by Sotheby’s this summer.

“Sotheby’s is teaming up with eBay to launch a new online auction platform. The first auctions will begin on April 1st with a New York-themed sale which will include 13 letters from the façade of the old Yankee Stadium,” Herera said.

Herera added that Sotheby’s saw a nearly 25% increase in online bidding. This may have contributed to the decision to partner with eBay Inc (NASDAQ:EBAY) to launch the new online auction platform.

The new platform made specifically for Sotheby’s can be found here.

eBay, is EBAY a good stock to buy,

The specially-made site will hold auctions for photos, sculptures, painting, jewelry and other items. According to Sotheby’s, the partnership will hopefully lead to a greater audience for high-end auctions.

Aside from the new eBay Inc (NASDAQ:EBAY) auction site, Herera also reported that Israelis are voting today in an election that will decide the future of Prime Minister Benjamin Netanyahu. The CNBC host also reported about Apple Inc. (NASDAQ:AAPL)’s rumored plan to offer 25 channels in a new streamlined web TV service which may launch this coming fall.

Herera also said that Oprah is holding her own auction on April 25 where she will sell items from her Chicago Water Tower condo to benefit her South African school for girls.

Dan Loeb’s Third Point increased its eBay Inc (NASDAQ:EBAY) stake by 123% quarter over quarter by the end of the last quarter of 2014 to 10 million shares.

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