Gorilla Game Investing in the eWorld Message Board

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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Bruce Brown who wrote (464)	10/18/1999 7:39:00 PM
From: Zirdu	Read Replies (1) of 1817

Regarding my comments on large size being a type of lock in the internet auction business: I heard on TV today that EBAY is 42 times larger than their nearest competitor. One thing EBAY is doing that I like is their used car business. Have you ever noted the huge bid/ask spread on used cars? Log onto Kelly Blue Book web site and compare the "trade in value" vs the "retail value" of your own used vehicles. The difference is astounding. I tried to trade in a van recently. The retail value per Kelly was $21,500, the trade in value per Kelly was $14,500, and the most the car dealer would actually offer me as a trade in was $10,000. EBAY is establishing secure physical sites in metropolitian areas where people can take their used cars for sale. Then they put them up for auction on EBAY. Sellers can test drive the physical car, etc. EBAY takes a small cut for their trouble. The buyer and seller both get a better price than they could going through the used car dealer middleman. The used car dealers are out of business.

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