Local News

Monet, Picasso Coming To eBay In Partnership With Sotheby's Auction House

/ CBS San Francisco

SAN JOSE (CBS/AP) - EBay will soon feature auctions from the likes of Monet, Picasso and other masters through a new partnership with auction house Sotheby's.

The companies will offer a new live auction feature on eBay Inc.'s Web site and real-time bidding for Sotheby's auctions that are taking place at Sotheby's headquarters in New York. The move lets eBay's 145 million active users have more access to the high-end art and objects that Sotheby's auctions.

Financial terms were undisclosed. Sotheby's Chief Operating Officer Bruno Vinciguerra said the partnership will help makes its sales "available to the broadest possible audience around the world."

The companies also said they eventually plan to offer other kinds of sales and live auctions from other Sotheby's showrooms around the world.

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

First published on July 14, 2014 / 7:29 AM PDT

© 2014 CBS Broadcasting Inc. All Rights Reserved.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.