By Jon: First published in Online Currents 2003 – 18(10) 18-19, 24
Metcalfe’s Law of networks applies also to online auctions: their usefulness increases proportionally to the square of the number of their users. Having seen off its rival Yahoo Auctions, eBay is now the only global auction system with an Australian presence. Yahoo Auctions still lingers on in the USA but its numbers look very small beside eBay’s and its demise surely cannot be far away. For the moment at least, eBay is the online auction site of choice.