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Bid on It

How online auctions will change retail as we know it

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This story appears in the May 2006 issue of Entrepreneur. Subscribe »

The advent of eBay has done more than just allow people to pawn excess inventory for a few bucks or feed their passions for collectibles. Daniel Nissanoff, author of FutureShop: How the New Auction Culture Will Revolutionize the Way We Buy, Sell and Get the Things We REALLY Wantand co-founder of online luxury goods resale company Portero, asserts that eBay and similar online auctions have created a culture that will explode in the near future and completely change consumerism as we know it.

Entrepreneur: How is eBay affecting business?

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