Interesting Stats on Probstein’s Ebay Business

[raulus]

Those are some big numbers. Based on what I see on eBay, I wouldn't have expected that he was hitting $100M+ in top line sales per year, but what do I know?

Obviously he's top dog now that PWCC is no longer on eBay. I suspect they were topping him by a large multiple every year. Now that they're out of the picture, Rick is kind of the last man standing.

And it's nice to hear that he's moving away from the BIN format, to more of a reverse auction or dutch auction format. I suspect that means stuff will move faster, although he may have some consignors that don't want to use that format.

If I'm being honest, it doesn't inspire a lot of confidence that he has minimum wage noobs doing most of the work, with the level of volume that he has. Just seems like a recipe for stuff to disappear under mysterious circumstances. But hopefully he has robust controls in place to prevent those sort of shenanigans.