In June 1999, Jeff Bezos sat down with CNBC to announce That a deal between Amazon and Sotheby’s to Initiate a collectible bidding site. In a few years, the failed enterprise will be seen among Amazon’s early errors as a organization.
Amazon wasn’t necessarily the e-commerce powerhouse it’s today. In its early days, it was best known for being the online rival to bookstores like Barnes & Noble. While the world of internet selling climbed, Amazon created a deal to compete with bidding sites like eBay. Sotheby’s and Amazon will create two auction sites, one which would be retrieved via Sotheby’s and the other that could be retrieved via Amazon.