Fairfax today announced a partnership with US company Auction Universe that will bring a new online auction service to Australia.
Called SOLD.com.au, the service is based on the same model which Auction Universe has used in its US and UK operations. Listing items for auction will attract a $1 fee (this is waived until July 14 when the site commences bidding and transactions). The site is available from today for early listing of items. A 3.5 per cent commission will apply to successful auctions.
This year has seen a number of online auction houses launch in Australia, including Yahoo! Australia & NZ Auctionsand www.stuff.com.au.