Yahoo enters Oz online auction market

A new entrant in the Australian online auction market has made its debut today with the launch of Yahoo! Australia & NZ Auctions (http://auctions.yahoo.com.au), a service that will be free to registered users.

With the new service users will be able to buy and sell a wide range of goods online, to local or global markets, according to Yahoo! Australia & NZ.

The site is the first of its type in Australia, launched ahead of the local eBay/PBL venture which is due to be launched later this year.

The site boasts more than 2000 categories, says Yahoo!, and has no commission or listing fees for users. Multiple quantity auctions are possible and the seller may nominate if the goods are auctioned locally and/or overseas. The seller can also nominate which currency bids may be made in, said Yahoo! in a statement.

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