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Ebay May Bid For Sotheby's

emmett posted more than 14 years ago | from the ye-gods dept.

News 143

absolute writes, "Who would have thought Ebay the online auction site would ever had a chance to buy the venerable 250-year old auction house Sotheby's? Apparently, Ebay is trying to capitalize on the price fixing scandal at Sotheby's to buy it. The story is here." Hmm. I hope they get Sotheby's sniped from them at the last minute by some guy with a perl script. Update: 02/29 12:04 by R : eBay denies any interest in Sotheby's.

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143 comments

considering.. (1)

alsogut (109511) | more than 14 years ago | (#1241757)

considering the nature of current corporate interrelations, they probably already own each other or are owned by some other corporation.

M$ (1)

Anonymous Coward | more than 14 years ago | (#1241758)

(flamebait)

Bill Gates is probably the secret owner of eBay, now attempting to monopolize European auctions as well.

i wonder... (2)

renegade187 (95300) | more than 14 years ago | (#1241759)

if sothebys is going to be sold to ebay on ebay...i think that would be funny at least.

Re:Ebay, snmeBay (0)

negator (157317) | more than 14 years ago | (#1241760)

They do not sell hot grits...

But searching for hot grits, I found this: GRITS Socks [ebay.com] . I gotta have those.

Masterpieces on-line? (2)

Markar (154019) | more than 14 years ago | (#1241761)

Hmmm, posibility for Picasso's sold on E-Bay. Seriously this could have potential with DSL and VPN. Bids could be verified by digital signatures, and paid for by electronic transfers. Potential for more bidders and higher prices for rarities! Serious bidders could establish holding accounts and have them verified before bidding starts.

Fantastic coup for Ebay (if it happens..) (5)

SuperG (83071) | more than 14 years ago | (#1241762)

First of all, the idea of Ebay aquiring Sotheby's strikes me as almost the epitome of the e-commerce age conquering the old commerce age (yeah, yeah, cornyy but you get the idea). Sotheby's and Ebay stand at oppposite ends of the auction spectrum, and I can only see that Ebay grabbing Sotheby's as being great for Ebay. For Sotheby's? I'm not so sure.

I'm guessing that Ebay would run Sotheby's as a semi-separate entity, maybe running Sotheby's as the "elite end" of the Ebay site. Ebay could either run Sotheby's exclusively as it is now, could attempt to integrate the two (ie. having net bidding on items for auction at Sotheby's and using this as a "reserve price" for the item), or running Sotheby's as the high-end part of the Ebay site.

Whichever way they go, if Sotheby's is aquired, Ebay will profit. It will be interesting to see what Christie's (Sotheby's 'rival') does if this happens. Will it stay off-line, or enter into a mad rush to try and find a high-profile on-line partner (hello Amazon.com!!).

Cheers,
SuperG

Wedding Cake (0)

ggeezz (100957) | more than 14 years ago | (#1241763)

This'll never work. Sotheby's only sells wedding cake (you know, like the one that Peterman bought and Elaine ate). The cake would be stale by the time it got shipped to you, and nobody likes stale cake.

Heh. (0)

silentbobdp (157345) | more than 14 years ago | (#1241764)

Man, I am seriously surprised that they aren't already owned together.

Hmm (5)

jesser (77961) | more than 14 years ago | (#1241765)

I'm surprised that Amazon doesn't already own Sotheby's .. Amazon and Sotheby's have been working together [amazon.com] for a few months. Also, what is ebay doing acquiring the part of its competition that has been charged with antitrust violations [marketwatch.com] , and is having trouble [netscape.com] with the SEC?

--

Everquest (0)

Anonymous Coward | more than 14 years ago | (#1241766)

Does this mean we get to buy Everquest accounts from famous people/actors now??!!?!? SW33T!

Ebay auctions off MS (3)

ejbst25 (130707) | more than 14 years ago | (#1241767)

Maybe Bill Gates will auction off Microsoft's pieces when the gov't splits them up.

"Damnit, still noone will buy Windows 2000...even for $.49!!"

We can all hope. I think I will go finish the auctioning off my authentic used socks.

People in the future will look back and wonder (3)

MrBlack (104657) | more than 14 years ago | (#1241768)

what the hell happened in the late 1990's and early 21st century. Internet companies with sky-high valuations that are bleeding red ink like a stuck pig start buying up the "establishment". Although I have little to no doubt that the internet (and associated technologies) will become integral to our every day life the whole stockmarket side of things reminds me of the Tulipomania that spread through Holland in the 1600's. No matter how big you think the internet will be, "investment" companies with no profits and no prospect of profits for some time cannot be considered anything more than speculation (Especially in the high-tech field where things can change so quickly).!
There, did that get off-topic quick enough for you all.

This might be good for e- commerce (2)

Anonymous Coward | more than 14 years ago | (#1241769)

The auction house Ebay wants to buy is very well respected -- if Ebay is successful in buying them out, it'll just be proof to the world that E-commerce is real and is here to stay.

Granted, Ebay is less than ideal because really all that goes on there is the sale of junk items (and lots of scams, etc.), but it is still e-commerce and it still has huge name recognition. Now here is the big question:

If this merger takes place, will Ebay become more like Southeby's or vice-versa? ;)

Ebay planning to buy Sotheby's, or just the Brand? (0)

kaiti (69844) | more than 14 years ago | (#1241770)

If in fact EBay does purchase Sotheby's, a good question to ask would be what their plans would be.

I suppose using Sotheby's as a channel for new featured merchandice would work fairly well. By this type of corporate move, are they shifting their buisness model above and beyond the online auctionhouse?

Currently Ebay holds no merchandice. They need no storage for goods. By purchasing Sotheby's, will they begin channeling in the goods to a wherehouse, and sell it outright themselves, giving a cut or percentage to the previous firm/owner?

Or will they just purchase the Brand name and leave Sotheby's to their own ends, and allow easy cross-branding plans?

Just my bucket of .02 questions..

I thought eBay was better than that (2)

xant (99438) | more than 14 years ago | (#1241771)

While I'm a capitalist through and through, I don't believe in buying something just to make a quick buck. I though eBay was above just grabbing quick distressed property. Stockholders be damned, strong companies follow strong ethical standards. If Sotheby's is involved in a scandal, no one should touch them. Buying them is just crass.

Quality (0)

Anonymous Coward | more than 14 years ago | (#1241772)

I'm sure this would do to Sotheby's integrity what being bought by ANDN^H^H^H^H LNUX did to /.'s....

bid (2)

jesser (77961) | more than 14 years ago | (#1241773)

Two senior Sotheby's (bid [netscape.com] ) officials have resigned as the result of a probe into potential antitrust violations.

Did anyone else read that as a link for other companies (maybe amazon?) to offer competing bids on Sotheby's?

"Bid" turns out to be the ticker symbol for Sotheby Holdings, Inc.

--

edifice or company? (1)

RoLlEr_CoAsTeR (39353) | more than 14 years ago | (#1241774)

My idea had, at first, been a silly one.. but now that I think about it:

Is Ebay buying the company or the building that Sotheby's uses (assuming that they own a building that they hold their auctions in).

So, it's a dumb question. Sue me. You won't get much, I'm poor.

eBay Outbid Notice - item 5789731987123: Sotheby's (5)

Glith (7368) | more than 14 years ago | (#1241775)

Dear eBay,

Heads up! Another eBay user has outbid you on the following item!

SOTHEBY'S AUCTION HOUSE
The current bid amount is: $1,600,000,000.25
The auction closes : Mar-21-00 09:21:24 PST

Of course, your existing bid may be reinstated if this competitor's bid falls through. You can keep an eye on things if there's still plenty time before the auction closes. Visit
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewIte m&item=5789731987123

Otherwise, you can stay in the running and place another bid. Just visit http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem& item=5789731987123

Safety tip: now that you're no longer the high bidder, you may be contacted by the seller or another person to sell you a similar item without going through eBay. Because this is against eBay rules and we cannot track such transactions, you would not be eligible for eBay's services that protect buyers, such as insurance or mediation.

If you have any questions, be sure to visit our Help section; it's best to email us from there rather than replying to this message, as replies here can't be processed. Just click http://pages.ebay.com/help/index.html

Good luck with your bidding!

Re:People in the future will look back and wonder (2)

Sadfsdaf (106536) | more than 14 years ago | (#1241776)

But Ebay DOES have profits. They're not in the red, but the black. Even though their P/E ratio is 1,795.39, they STILL have profit, which cannot be said about amazon.com. If amazon could not issue any more stock, they would go out of business in a quarter. Ebay is one of those VERY few companies that actually make money on the internet.

Rise of the net companies. (0)

Tsian (70839) | more than 14 years ago | (#1241777)

It is definetly interesting times: AOL (wants to) merge with Time Warner, Ebay bids on Sotheby's. It seems that everywhere net companies are surpassing their traditional, non-net forms. Still, it must be said, no matter what happens with the eBay/Sotheby deal, i'll still have to wait in line like everyone else for my kidney!

Perl Sniping scripts. How? (1)

ratsdliw (125847) | more than 14 years ago | (#1241778)

I was wondering if anybody has any of these scripts setup? I always read about them but the only things that I can find are Win32 clients that do this.

Also, what if I'm sniping on multiple auctions. (Let's say 100) What would be the easiest way to do this? Maybe using crontab, but that doesn't support second accuracy. I guess coding a scheduler in Java is probably the best way to go.

Thanks in advance.

WTH? Sotheby's? (1)

sumana (66640) | more than 14 years ago | (#1241779)

Then the world would be upside down....

Just what we need (0)

Anonymous Coward | more than 14 years ago | (#1241780)


Now with one less player in the auction game, we can look forward to eBay raising their prices, once again, causing all others to do the same. This sort of price fixing is not only immoral, but illegal as well (remember the Sherman Act?). As usual, business is willing to screw you over in order to fatten the wallets of a select few with the money of those can afford it least.

Where is your open source movement now? Why are there no open source auctions? No open source system in which the individual citizens can barter their handmade goods for raw materials? Why have you forsaken us?

This is not so much a plea as it is a cry, a scream of all the economically oppressed workers. Sotherby's, long noted for it's association with the British aristocracy, now wishes to merge with eBay, perhaps hoping to gain a new image, more open to the lower class, and more importantly, the lower class's money.

It is our duty to see that this does not happen. The war of money which we see every day has claimed too many lives, broken too many backs. It must end.

How? (1)

cdlu (65838) | more than 14 years ago | (#1241781)

I was under the impression that Ebay, along with Amazon, and other such huge internet based companies were not making money. How can they afford to buy another company for 1.6 Billion?

Re:I thought eBay was better than that (1)

DoorFrame (22108) | more than 14 years ago | (#1241782)

You're wrong... if they're involved in a scandal now is the time to buy. When better? Now personally I think it's kind of creepy to see EBay expanding into a field where respect is more important than a multi-colored logo, but if the value of Sotheby's is as depressed as it seems to be, then why shouldn't they buy it?

EBay will own the world in a matter of months, I'm sure of it.

A reoccurring theme (4)

Raindeer (104129) | more than 14 years ago | (#1241783)

I think that we will see this alot more in the near future. Companies like Ebay, Amazon etc. need to have something to base the valuations on. An existign company with healthy revenues will be bought and the next year the .com-company will show improved results. Maybe even a profit, sending its valuation even higher. It also alows for bloodsucking the revenues of the acquired company.

Now the rest of you help me on this, cause it is too late here in the Netherlands :-)

Re:Masterpieces on-line? (1)

alsogut (109511) | more than 14 years ago | (#1241784)

I wouldn't trust buying them online. I just saw on 60 minutes a segment about the British auction houses that were selling fakes and passing them off as genuine. On the internet, that would be even easier to do since there's no way to inspect the painting before you buy it.

Re:I thought eBay was better than that (0)

Anonymous Coward | more than 14 years ago | (#1241785)

While I'm a capitalist through and through, I don't believe in buying something just to make a quick buck.
I think maybe you're not a capitalist through and through. You just have a capitalist candy shell. Capitalism is all about doing things to make a buck.

Re:I thought eBay was better than that (3)

divec (48748) | more than 14 years ago | (#1241786)

[...] I don't believe in buying something just to make a quick buck. [...] I thought eBay was above just grabbing quick distressed property.
I'm not sure I understand your objection here. I'm assuming it's that eBay is cheating Sotheby's' shareholders by snapping up Sotheby's for less than it's worth. But it's not possible to *force* the current shareholders to sell their stock; they will do so if and only if they think eBay's offer is sufficiently good.
If Sotheby's is involved in a scandal, no one should touch them.
I don't see why eBay shouldn't buy them, as long as they don't then allow the scandal to continue. In fact, a complete overhaul of the management might be just the thing to get Sotheby's behaving properly again.

News from the Linux frontlines (5)

Jesus Christ (154953) | more than 14 years ago | (#1241787)

Torvalds begins work on Linux 2.3.48.9.2.7.43, possibly
Posted by CmdrTaco on Sunday February 27, @10:36AM
from the rob-sucks-tarballs dept

Linus Torvalds, creator of Linux, accidentally hit his keyboard with his elbow today. We have yet to receive confirmation that the resulting code will be be included in the next development kernel, but we can never be too sure. Here is the code in full:
kjnlkmf ,m58u45knm ,9804
8v793oy5n9*(&V(*N&

This won't compile under GCC, so we can only assume the code is pretty experimental. Look for the tarballs to be released this evening.

Torvalds comments, "What? Oh, yeah, I accidentally hit my keyboard with my elbow when I reached to get my tea. What? Is it part of the new kernel? You're kidding, right?"

We'll update the article as soon as we get more information. The Linux world hasn't been in such frenzied anticipation since the release of kernel 2.3.48.9.2.7.42, which was about ten minutes ago.


Interview: Alan Cox farted
Posted by Hemos on Sunday February 27, @10:34AM
from the whats-that-smell dept

Linux guru and hacker-extrodinaire Alan Cox farted earlier today. What do you think this says about the future of Linux development? Alan's ass will respond to the highest moderated posts later this week.


ESR and JonKatz to participate in "Zealot Deathmatch"
Posted by Roblimo on Sunday February 27, @10:33AM
from the die-bitch-die dept

Open source proponent Eric S. Raymond and Slashdot nutcase JonKatz are reportedly organizing a "Zealot Arena Deathmatch" to raise money for the Apache Software Foundation. The fight is expected to be a tough one, because while Katz is genuinely insane, ESR has the power of girly, elfish looks. A spokesman from Apache says that, "while we don't encourage violence, we'll do anything for money."


VA Linux aquired by Klingons, Rob bows down to new alien masters
Posted by emmett on Sunday February 27, @10:32AM
from the star-shit-enterprise dept

VA Linux Systems, owner of Andover.net, owner of Slashdot.org, owner of Rob's ass, was officially aquired by the Klingon Empire earlier this morning. The Klingons, who have recently taken over Kellogs, GM, and Disney, are looking forward to absorbing more major corporations in the near future. The US Government is discussing investigating the Klingons for holding a monopoly over "every aspect of our lives", to which the Klingons responded, "Puny human scum! I will crush you like a bug and feast upon your steaming entrails." Finally, some competition for Microsoft!


Red Hat and VA stock at all time high!
Posted by CmdrTaco on Sunday February 27, @10:31AM
from the i-am-so-rich dept

Dude, have you heard the market reports today? I am so fucking rich! If this keeps up, I'll be able to stop doing this Slashdot crap! Hell yeah!

I am the Lord.

Why would they do this? (1)

DoorFrame (22108) | more than 14 years ago | (#1241788)

I mean, I understand grabbing Sotheby's as it's a depressed commodity... fine and good. But they're expanding out of the financial bubble of the internet into real-world investments that simply don't make the splash that anything .com has.

Do you remember what happened to AOL stock prices as soon as they merged with Time-Warner? They suddenly weren't just an internet company any more and their prices dropped like a rock, same thing could happen here. I would say stick with what you know, stick with the net EBay.

Won't work (2)

divec (48748) | more than 14 years ago | (#1241789)

If eBay buy Sotheby's then the resulting firm is eBay+Sotheby's. If it doesn't perform at least as well as eBay + Sotheby's then the market won't be impressed. "Bloodsucking the revenues of the aquired company" may be good if those revenues can produce better returns in the e-industry than in the traditional industry. If not, the combined company's shareprice will dive when it fails to make good earnings.

For an internet company to buy a traditional company makes good sense, because it means more diversification and less risk. If the market suddenly gets scared of e-commerce then the whole company won't be worthless. This is just the same as big companies whose assets include Dollars, Yen and Euros. If one currency nosedives, then the company doesn't get hit too hard.

Property and Online Auctions (3)

mind21_98 (18647) | more than 14 years ago | (#1241790)

Will Sotheby's rip eBay off and not send them their properety deed, just like the other sellers on online auctions? Or will they just take the money and run, leaving eBay without support for their new auction company they bought?

(Just ranting, hope you find the above funny)

Re:I thought eBay was better than that (2)

xant (99438) | more than 14 years ago | (#1241791)

My objections are two:

1 - Sotheby's is now "tainted." If eBay wants to paint itself with that brush, go right ahead.
2 - It's not so much cheating the shareholders as advocating a style of business that is frankly predatory. Economic Darwinism is only OK to a point and I think this behavior is slightly over the line.

Re:Masterpieces on-line? (1)

Markar (154019) | more than 14 years ago | (#1241792)

Masterpieces and other high value items could be shipped to and verified by a trusted 3rd party before being transfered to the buyer. After verification, the money would be released from the holding account to the auction house.

Re:How? (1)

jareds (100340) | more than 14 years ago | (#1241793)

One word: stock. (It so happens that eBay does turn a profit, though.)

I don't have the figures to back this up ... (2)

divec (48748) | more than 14 years ago | (#1241794)

... but I believe there were examples of companies whose stock had very large price/earnings ratios in the 19th century, and who managed to maintain their share prices as they expanded and became more profitable. Of course 19th century stock markets were somewhat different from those today.

Wannabe Karma Whore (0)

Anonymous Coward | more than 14 years ago | (#1241795)

d00d, that's just shit.

think of something else if you want karma.

a pissed-off moderator

Can I buy VA Linux Stock Online? (0)

Anonymous Coward | more than 14 years ago | (#1241796)


Or does it get auctioned?

Evil.. (3)

technos (73414) | more than 14 years ago | (#1241797)

This just strikes me as wrong.. Ebay, the 90's born purveyor of chipped Farber and Beanie Babies, is attempting to purchase Sotheby's, a company with letters of incorporation older than most American countries??? That would be like Sam Adams trying to buy out the Guinness name, or Bezos buying up BArnes and Noble,, This 'dot-com' game of market cap and break-even earnings has got to be nipped in the bud before too many of the 'respected' brands are bought on inflated stock and dragged through the mud by the same trash exec's that thought ad banners would be a viable income source.

Re:Ebay, snmeBay (0)

Anonymous Coward | more than 14 years ago | (#1241798)

Some bitch tried to sell Scooby on ebay once. I knocked his head off. The audacity!

Trolling for Scooby [scoobydoo.com] !

Re:10th post! (0)

Anonymous Coward | more than 14 years ago | (#1241799)

Can't you count?

Trolling for Scooby [scoobydoo.com] !

Re:Won't work (oh yes it will) (2)

Raindeer (104129) | more than 14 years ago | (#1241800)

Sorry, but first of all the market hasn't been too impressed buy the fact that these companies make huge losses.. An improvement might just be the signal they were hoping for to buy even more. Remember the markets don't react to normal valuations. Look for instance at Textron. High profits, but the stock went down. It is about what is hot and what not and what stays hot.

The diversification would be a good argument if we were talking about very different markets. A bit like GE works. Here you can see that the traditional company (thanks for the frase) is the one that is used as a parachute. I think we will see that alot more. You are right about the less risk, but it is for the reason of the traditional companies revenues and solid base. The stock will also be consolidated into one stock and not two separate ones. So it is not like holding different stocks. It will be one company. And treated as such. If one stock nosedives, it is the only stock they have

Buying Sotheby's... Hmmm (1)

BMIComp (87596) | more than 14 years ago | (#1241801)

Hmmm, Ebay may buy Sotheby's for $1.6 Billion... I'm guessing that they won't send the check, that's my experience with EBay. =)

E-commerce is a fraud (2)

Anonymous Coward | more than 14 years ago | (#1241802)


Please. "E-commerce" was a buzzword designed by mega corporations like IBM to attract the souless managers who run this god-forsaken country's companies. What does it mean? In a word: nothing.

-commerce age conquering the old commerce age

There is nothing left to conquer. The "old age" has been dead in the water ever since Reagan was defeated. Since then, it's been a slipperly slide downhill, down which we are being lead by "new-age" business "gurus" who spout their "e-pontifications" and other e-bullshit to whoever is most willing to send them large checks. There is no strategy to plan: you set up a web site, often with a company such as AOL, collect credit card numbers, and if you have the time, send the products to the wrong address. Simple, really.

Putting your company behind 16bit color graphics and fancy domain name means NOTHING if it still run by a few old men in suits. The true power of this "information revolution" is not for the consumer, but for the worker. Why do you need a manager if you can easily communicate with other workers and coordinate your tasks. Aren't you the one writing the code? Then who's a more competent judge of your progress, you and your peers, or some 50 year old MBA in dacron socks? I think the answer is obvious.

The way to "e-business" is not through new methods of selling, but rather through new methods of workplace democratization, where the workers are given control. That, truly, is the only way to thrive in the modern world.

Re:Can I buy VA Linux Stock Online? (0)

negator (157317) | more than 14 years ago | (#1241803)

Why would you want to?

Then shareholder capitalism is pointless. (2)

divec (48748) | more than 14 years ago | (#1241804)

Remember the markets don't react to normal valuations. [...] It's about what is hot and what not and what stays hot.

If this is case over the long term, then shareholder capitalism is pointless. The only reason for having publically-traded shares is that "owner power" forces companies to behave profitably in a much more immediate way than mere "consumer power". If you believe that long-term share price is unrelated to profitability then we might as well abolish shareholder's rights and return to consumer-driven capitalism.

I'm not saying that this is absurd, just that it is the consequence of what you claim.

heh.. (2)

Kythorn (52358) | more than 14 years ago | (#1241805)

Just how many american countries are there anyway?

Re:E-commerce is a fraud (1)

Anonymous Coward | more than 14 years ago | (#1241806)

The "old age" has been dead in the water ever since Reagan was defeated.

Huh? Reagan was never defeated. He served two terms at office and left due to the term limits law. I'm not sure what you meant there.

And what's this "workplace democratization" stuff? If you're an owner/operator you're in charge. If you're an employee it's your responsiblity to contribute to the team. There's no "democracy" involved. There can't be. Unless you work at a cooperative of some sort, and then... you're an owner/operator.

and he's right... (0)

Anonymous Coward | more than 14 years ago | (#1241807)

in the short run. hot stocks==big potential. quick.

you want long-term growth? buy a utility company or something.

want a chance for some quick $$$? buy LINX, d00d. i guarentee it's going to go up.

(This post presented by the RobLimo Fan Club)
UCTAM affiliate

Re:Ebay auctions off MS (0)

Anonymous Coward | more than 14 years ago | (#1241808)

I bought Windows 2000 for $220. And am getting back a $70 rebate, making it a $150 purchase.

About a month ago I bought the FreeBSD Box set. It was only $49.

I consider them both good purchases.

Re:Wannabe Karma Whore (1)

negator (157317) | more than 14 years ago | (#1241809)

d00d, that's just shit.

Yeah, it's lame. This [slashdot.org] is funny, but the moderators never seem to get it right.

This mean we're going to see live bodypart auctns? (2)

smoondog (85133) | more than 14 years ago | (#1241810)

Amazing to see how far the tech world has come to be in a position to take over everything. Perhaps it also shows how overvalued the tech stocks are. If Ebay does get sotherby's it be kind of cool, if they could take the snooty auctions and bring it to more of a down to earth audience (like us)....
-- Moondog

Re:E-commerce is a fraud (2)

dsplat (73054) | more than 14 years ago | (#1241811)

The true power of this "information revolution" is not for the consumer, but for the worker. Why do you need a manager if you can easily communicate with other workers and coordinate your tasks. Aren't you the one writing the code? Then who's a more competent judge of your progress, you and your peers, or some 50 year old MBA in dacron socks? I think the answer is obvious.


For those who aren't entirely convinced by the rather brief argument above, I suggest reading the Cluetrain Manifesto [cluetrain.com] . Whether or not you agree with it, it is economic suicide not to at least consider the points that it brings up. You either need to accept them and live by them, or refute them intelligently and thoroughly.

It not only goes into the fact that the net is making it possible for employees to talk with one another as never before, but customers as well. The only real secrets are the ones that are kept by a single person, or that no one feels are worth posting to the net. If it is interesting, and known, it can show up online.

Re:heh.. (0)

Anonymous Coward | more than 14 years ago | (#1241812)

Canada, the US and Mexico...And that's only counting NORTH AMERICA.

Re:Masterpieces on-line? (0)

Anonymous Coward | more than 14 years ago | (#1241813)

This reminds me of The Red Violin [redviolin.com] . In any case, anyone who would buy a masterpiece out of a vending machine (aka E-Commers), would be just as happy with a fake.

Re:E-commerce is a fraud (0)

Anonymous Coward | more than 14 years ago | (#1241814)


Huh? Reagan was never defeated.

Perhaps, but his policies, the only lasting reality a president can have, were crushed under heel by a certain corrupt president.

And what's this "workplace democratization" stuff? If you're an owner/operator you're in charge.

Exactly. That's why all workers should be "owner/operators".

If you're an employee it's your responsiblity to contribute to the team.

At the expense of all else? If you have a brilliant idea, but are tied down working on some project which you know will get nowhere, what are your loyalties? Do you plod along, attracting no attention, earning no rewards? That does not, to me, seem like an ideal way of running any sort of organization. Maybe you have different ideas, but that doesn't make them right.

There's no "democracy" involved. There can't be. Unless you work at a cooperative of some sort, and then... you're an owner/operator.

Did you ever wonder what it would be like to really have control? The "internet" is supposed to bring a new age of democracy and education to us, correct? Are you saying that this should not apply to the workplace as well? All though it is customary to seperate "regular" life from politics and, in this case, economics, most thinking people find it hard to do so. If we bring a new form of labor, who are the old guard to judge? Remember slavery? That was abolished, and for good reason. So why must we hold so tightly to our current system, which in many cases is no less decadent?

Re:Wannabe Karma Whore (1)

jesser (77961) | more than 14 years ago | (#1241815)

i actually thought it was funny...

--

Re:Wannabe Karma Whore (0)

Anonymous Coward | more than 14 years ago | (#1241816)

i thought it was funny. especially the jonkatz vs. esr bit.

hilarious! not like this crap.

sigh...i guess you just cant mention JEEZUS anymore and not get a flamebait...

Re:I thought eBay was better than that (0)

trollking (153214) | more than 14 years ago | (#1241817)

While I'm a capitalist through and through

That's unfortunate. Give my regrets to your family.

strong companies follow strong ethical standards

I'm so sure. Just like the strong company Nike has kids working in sweatshops in Indonesia. If that's ethical in your book, then you should be in jail.

I though eBay was above just grabbing quick distressed property

As a self proclaimed capitalist, I'm sure you understand their decision. What better way to protect the bottom line than by buying cheap?

Stockholders be damned

You didn't think they actually care what stockholders think do you?

If Sotheby's is involved in a scandal, no one should touch them

So if a scandal is widely publicised, it's bad. But other unpublicised scandals that occur every day are OK since most people don't know about them.


Thank You,
Troll King

i took a vow of poverty (0)

Anonymous Coward | more than 14 years ago | (#1241818)

... and that's the quickest way.

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Member, UCTAM

Re:Wannabe Karma Whore (1)

negator (157317) | more than 14 years ago | (#1241819)

Why don't you get yourself one of these [realhamster.com] ?

Re:Wannabe Karma Whore (0)

Anonymous Coward | more than 14 years ago | (#1241820)

or just borrow jeff bates's

or else his rubber guinea pig ass doll...

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Member, UCTAM

Not speculation once they own the establishment (1)

skew (123682) | more than 14 years ago | (#1241821)

I don't think your comment was off-topic at all. I think this is the very core of this topic. However, I'm worried that the trend may be against you when you say that investment in these high tech companies cannot be considered anything more than speculation. The AOL/Time Warner merger and this purchase (if it happens) may prove that pyramid schemes don't always collapse after all.

I remember a few years ago when many analysts were saying the stock market was a bubble that had grown to its limit and couldn't take much more, but then along came Internet stocks. Many people laughed at these ridiculously unprofitable Internet companies (yeah, some of them may post meager profits, but their P/E ratios certainly don't warrant their absurd valuations), and believed it was another small bubble that couldn't last.

But Internet stocks continue to grow and their valuations keep going up. Some people have cashed out and retired, but it hasn't slowed the prices any. These aren't bubbles, they are more like pyramids. These companies' true values are based upon their perceived value as investors continued to flock to them.

But look out! Now they're buying real companies with real assets and worth real money! Sure they may have once been floating on investors' overpriced valuation, now they're buying well-established companies as foundations.

Ack. Despite the fact that I work in this industry, I must be too old-fashioned to appreciate this new economy. I have no special regard for an institution like Sotheby's, but if eBay manages to purchase it, I'll be sick.

Re:I thought eBay was better than that (0)

Anonymous Coward | more than 14 years ago | (#1241822)

heh. another open source commie! i bet you jonkatz, robllama, and rms can form a full circle jerk, can't you?

pervert. grab your own crotch out of my presence, thank you very much.

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Member, UCTAM

Re:SOUTH America? CENTRAL America? Ever hear of em (1)

negator (157317) | more than 14 years ago | (#1241823)

Uh? There are countries in central America? I thought is was just divided into the different drug cartels.

ZDNET Story (2)

BMIComp (87596) | more than 14 years ago | (#1241824)

ZDNET [zdnet.com] story about it here [zdnet.com] .

Re:People in the future will look back and wonder (1)

MrBlack (104657) | more than 14 years ago | (#1241825)

Sorry, I was going a bit too far there by saying that stuff about "no profits, no prospect of profits", yes, it's true that e-bay do have profits (which are obviously very small compared to it's valuation). In Australia it has been funny to watch the market recently. Here certain parts of the mining sector have traditionally been very speculative (due, no doubt to the speculative nature of looking for minerals, sometimes you find them and sometimes you don't). Anyway when the price of gold died horribly (as central banks around the world started selling down their reserves) some of the more "speculative" mining companies quickly set up .com companies (talk about becoming a diversified industrial). Then a couple of months ago when there was a bit of a scare on the NASDAQ and the price of gold was up I read a few interviews by these same companies saying how they were getting back to their roots in minerals and forgetting about the internet. After the short lived resurgence in gold died they were straight back into .com mode. It's hard not to become a jaded cynic.

Fantastic coup for Perl Coder (0)

Anonymous Coward | more than 14 years ago | (#1241826)

It would be quite fantastic if a perl coder could have any effect on the outcome of this acquisition. As a previous metioned this sale will not be an auction, and will not be held on-line. Perhaps Emmett was confusing the purchasing of a corporation with the purchase of a domain name. Did Emmet read the article?

In conclusion a perl script could not affect the outcome of this purchase, but a php script could. :)

Re:Ebay auctions off MS (0)

Anonymous Coward | more than 14 years ago | (#1241827)

youre a moron. i ftped bsd down for $0 on someone else's T1. and i pirated win2k for $0.

Re:News from the Linux frontlines (2)

Emmett Plant (8) | more than 14 years ago | (#1241828)

I want you all to know that I feel gratified and pleased that I've finally made it into a Slashdot parody. Thanks, Jesus! --Emmett

Re:Wannabe Karma Whore (0)

Anonymous Coward | more than 14 years ago | (#1241829)


Yeah, it's lame. This [slashdot.org] is funny, but the moderators never seem to get it right.

Muhahahah! That [slashdot.org] is fuckin' funny!

Re:Perl Sniping scripts. How? (2)

drix (4602) | more than 14 years ago | (#1241830)

There are, but a much faster way is to just go to www.esnipe.com and queue up as many snipes as you want. I prefer this because my Linux box isn't always on; these guys are. Also, who knows when my cable modem will go out? On an important auction, that's a risk I can't afford to take.

If you're hellbent on doing this yourself, check Freshmeat for "bidwatcher". This will snipe, although it won't run as a daemon so you have to leave it running.

--

Re:News from the Linux frontlines (0)

Anonymous Coward | more than 14 years ago | (#1241831)

emmett, as perhaps the most reclusive and least-known slashdot poster, i think we'd like to make something clear to you:

WE WANT EMMETT PLANT NAKED AND PETRIFIED!

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Member, UCTAM

AHEM (0)

Anonymous Coward | more than 14 years ago | (#1241832)

I am writing to express my dismay and concern over Slashdot's foul-mouthed materialistic warnings. As this letter will make clear, I am totally shocked and angered by Slashdot's wrongheaded improprieties. Such shameful conduct should never be repeated. My next point of order is that if we let Slashdot put increased disruptive powers in testy unruly hermits' hands, all we'll have to look forward to in the future is a public realm devoid of culture and a narrow and routinized professional life untouched by the highest creations of civilization. Does Slashdot realize it's more self-absorbed than most inconsiderate segregationists?

The great irony is that Slashdot obscures the true meaning of its expositions with propaganda and fancy talk. While I can't speak for anyone else, I, for one, believe that Slashdot is careless with data, makes all sorts of causal interpretations of things without any real justification, has a way of combining disparate ideas that don't seem to hang together, seems to show a sort of pride in its own biases, gets into all sorts of wretched speculation and then makes no effort to test out its speculations -- and that's just the short list! While most people know this like a schoolchild knows that 2+2=4, Slashdot is right about one thing, namely that fear is what motivates us. Fear of what it means when offensive temperamental ignoramuses advocate randy intimations. Fear of what it says about our society when we teach our children that the Universe belongs to Slashdot by right. And fear of abhorrent spoiled brats like Slashdot who portray jaundiced rascals as ogres. Slashdot's simplistic reasoning follows the same fallacies as so many other treatises on similar issues. But let's not lose perspective. Some of Slashdot's expostulations raise important questions about future social interactions and their relationship to civil liberties.

There is little doubt that Slashdot's cronies are so ready to tear down all theoretical frameworks for addressing the issue that their dissertations are laughable. It's unrestrained thieves like Slashdot that engage in an endless round of finger pointing. Slashdot uses the term "plethysmographically" with ostensible confidence that its meaning is universally understood. This is all well and good, but I hope Slashdot enjoys its new distinction as one of the most anal-retentive huns who ever lived. Under these conditions, there will be choleric things said on both sides of this issue one of these days. Sadly, lack of space prevents me from elaborating further. Outrage pounded in my temples when I first realized that Slashdot wants to form the association in the public's mind between any half-measures it disagrees with and the ideas of hate and violence and illegality. How did Slashdot get so money-grubbing? I have my theories, but they're only speculation. At any rate, given the amount of misinformation that it is circulating, I must sincerely point out that it is a master of psychological manipulation. To cap that off, only those individuals who are able to accept evidence and think clearly about it can mention a bit about wicked delusional-types such as Slashdot. In a nutshell, false denials, pleas for sympathy, and a base campaign for smearing others with its own crimes constitute Slashdot's whole method of defense.

Re:Masterpieces on-line? (1)

purefizz (114470) | more than 14 years ago | (#1241833)

There is another problem... may ancient works are illegally smuggled out of other countries and sold at auction at Sothebys all the time. One would speculate that eBay may encounter a whole new set of legal problems trying to sell those works internationally where laws vary by country?!

Visit uMoo - http://www.uMoo.com/ [umoo.com] Talk About Bull...

Re:People in the future will look back and wonder (1)

um... Lucas (13147) | more than 14 years ago | (#1241834)

Yes, ebay makes money. But not nearly enough to justify their valuation. I can't imagine that they'll ever grow into it... People are just hoping and hoping that they will, because they're now one of the "old-timers" of the net. As in they've been public for over a year and a half without getting bought out.

According to some artical i read recently, Amazon is actually making a tidy profit from their core business (books). The other parts of the company are just about to become profitable as well, they just needed to get their volumes up. The main reason they show huge losses these days is because they file their acquisitions as expenses rather than capital investments. That way they don't need to pay nearly as much in taxes.

No matter how much people don't like them, Amazon's not appearing to go away... It very well may end up being the wal-mart of the web.

Re:REDUNDANT!!!!!!!!!!!!!!!!!!!! -1! -1! -1! (0)

Anonymous Coward | more than 14 years ago | (#1241835)

I think complaining about/trying to influence moderation should become a new moderation category...

Re:Fantastic coup for Perl Coder (0)

Anonymous Coward | more than 14 years ago | (#1241836)

As you correctly pointed out, no simple perl script can interfere here... what is needed is some cold hard cash. Now, do we know any perl coder who would be astoundingly wealthy right about now, and who emmett might have inside information on? hmm...

sothebys.amazon.com is live (3)

Speare (84249) | more than 14 years ago | (#1241837)

Welcome, MyAmazonNickName. You're pre-registered on sothebys.amazon.com. Please accept our Conditions of Sale and you'll be ready to bid. (If you're not MyAmazonNickName, click here.)

...

SOUTH America and Mexico (0)

Anonymous Coward | more than 14 years ago | (#1241838)

Just full of useless lazy greasy Hispanic and Latino shit who do nothing other than prostitute themselves off the real workers in the USA.

Re:E-commerce is a fraud (1)

RESPAWN (153636) | more than 14 years ago | (#1241839)

Maybe you have different ideas, but that doesn't make them right.

Maybe you should take hold of some of your own words.

If you have a brilliant idea, but are tied down working on some project which you know will get nowhere, what are your loyalties?

Simple. You tell your boss about your idea. It will get noticed, and if you don't think that your boss will act on it, then leave the company, and act on it on your own.

I'm not saying that workplaces like this don't have their place, but in some environments a democratic workplace just isn't feasible.

Re:Fantastic coup for Perl Coder (1)

Pascal Q. Porcupine (4467) | more than 14 years ago | (#1241840)

Or maybe Emmett was just making a joke, based on the fact that sort of thing always happens on eBay.
---
"'Is not a quine' is not a quine" is a quine [nmsu.edu] .

Re:Ebay auctions off MS (1)

RESPAWN (153636) | more than 14 years ago | (#1241841)

To be honest, not to buy Windows 2000 (and by your comment I assume that you in fact mean the rights to Windows 2000) for $.49 would be ludicrous. Just because the small number of us slashdot geeks would prefer not to use it does not mean that there isn't a whole market of average Joes out there who (assuming the price was low enough) would buy it in a heart beat simply because of name recognition.

But then it is only a joke and I'm just being argumentative right now...

Re:I thought eBay was better than that (2)

Pascal Q. Porcupine (4467) | more than 14 years ago | (#1241842)

Nah, the world's already been auctioned off on eBay several times.
---
"'Is not a quine' is not a quine" is a quine [nmsu.edu] .

Re:Fantastic coup for Perl Coder (1)

Felinoid (16872) | more than 14 years ago | (#1241843)

Well I guess you could control an Aibo with perl scripts and have it "fetch" Sotheby's :)

Or build something with Lego Mindstorms and again control it with perl... and a palm.. :)

Princess Diana (1)

Byteme (6617) | more than 14 years ago | (#1241844)

When was the last time you saw a beanie baby on Sotheby's auction block?

Ebay, Priceline and the rise of bot commerce (3)

rambone (135825) | more than 14 years ago | (#1241845)

I disagree with the original poster that it would be amusing to see EBay swiped at the last minute - in fact, I thing the only way auction houses like Sotheby's can exist is to make themselves part of a larger trend that is going to be huge - bot commerce.

In order to have commerce work for us through agents, it is a given that prices must be flexible. Be it through barter, auctions, or bulk buying, people need to be able to capitalize on time and opportunity to minimize the price spent on goods.

For the consumer, this could be revolutionary. What would life be like if you could finagle any type of special deal or leverage that wholesalers/dealers/distributors use to get discounts? What if your bot stood on equal ground in bids against institutions?

Static pricing has got maybe ten years left in it. Disagree if you want, but to me /. is a Luddite board anyway - an overwhelming number of you just days ago were singing the praises of newspapers.

Re:I thought eBay was better than that (1)

billybob jr (106396) | more than 14 years ago | (#1241846)

Open source commie?

I'm not of a strong political background or opinions, but clearly capitalism taken to an extreme (ie making a buck at all costs) without a doubt disregards ethics. That doesn't mean that all are unethical, just that there is a relationship. People are greedy and want to make a buck, oftentimes they do this at others expense.
Trollking makes a good point.

PORN LINK (0)

Anonymous Coward | more than 14 years ago | (#1241847)

OMFG!!!!
That is some nasty porn. I think I'll have to sanblast my eyes to get that image out of my head.
NOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!1

Re:Fantastic coup for Perl Coder (0)

Anonymous Coward | more than 14 years ago | (#1241848)

So, tell me, how does a perl script have an effect on an ebay auction? I can't really see anything other than waiting for the last second and bidding, but heck, any cluebie with a mouse and web browser can do that.

ROTFL (0)

Anonymous Coward | more than 14 years ago | (#1241849)

That was great. I haven't laughed so hard at a troll in ages. Nice work, Jesus

I'm a Jazi: a Jesus nazi! (0)

Anonymous Coward | more than 14 years ago | (#1241850)

don't forget to read jesus's propaganda: the bible! :)

Gee! You used the complaint generator! (0)

Anonymous Coward | more than 14 years ago | (#1241851)

aren't you just leeto now! get a fucking life, you jerk off. find something more original than that bullshit. no one thinks it's funny except for uneducated preeteen masturbators.

(This message brought to you by the RobLimo Fan Club)
Member, UCTAM

Re:Loser... (0)

Anonymous Coward | more than 14 years ago | (#1241852)

d00d, you wish you were man enough to suck my cock.

(This message brought to you by the RobLimo Fan Club)
Member, UCTAM

bidwatcher defunct (0)

Anonymous Coward | more than 14 years ago | (#1241853)

The guy doing bidwatcher quit because his project got too big and ebay kept changing thier shit. How about another suggestion?

If you think THAT's offtopic... (0)

Anonymous Coward | more than 14 years ago | (#1241854)

3B4y m4y buy S07H3by'Z

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150 13/16.

Re:Ebay auctions off MS (0)

Anonymous Coward | more than 14 years ago | (#1241855)

actually, it means that your girlish laughs and rotund figure are more than enough to turn off your average hooker. but i guess they don't care for you much anyway, huh?

(This message brought to you by the RobLimo Fan Club)
Member, UCTAM [currently ranked #1!]

Re:E-commerce is a fraud (0)

Anonymous Coward | more than 14 years ago | (#1241856)

Perhaps, but his policies, the only lasting reality a president can have, were crushed under heel by a certain corrupt president. How much did the National Debt go up during the Reagan Years? And what does the party that was so vehemently "cut down the National Debt" 2-4 years ago want to do now? "return the [forecasted only] tax surplus back to the people". OK. Now, how come the goverment (specifically, Congress) is so fucked that it runs itself exactly opposite to how the rest of us run our lives? So I'm in hock way over my head. I get a new job paying WAYYYY more than I've ever been paid before. And what should I do? Well, if I'm Congress, I should spend my extra $$$/incur more debt to get all that flash stuff NOW, and not only have all that flash stuff NOW "because I've earned it!", I've helped the economy by buying stuff I don't need now, incurred more interest-accruing debt, etc.? Yet that is what Congress seems to want to do now.

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