Page added on August 5, 2005
Ask somebody about pawnbrokers and they may think you were talking about dodgy dealers in sex movies. Ask them again about eBay and the look of familiarity will become apparent.
The phenomenon of online auctions is one of the big success stories of the Internet era. Well, at least if you are a user or shareholder of eBay. With about 85% market dominance, internet users have voted with their money into turning eBay into a virtual monopoly.
In fact, even pawnbrokers themselves speak of increased business in prosperous times according to the website of the National Pawnbrokers Association. Visiting their website reminded me of Peak Oil as the first sight to greet me was the latest prices for those major peak oil investments – gold and silver. So I felt quite at home amongst the digital brass balls.
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