Going, going... Going very nicely, thank you

NEWS Revenues are up for ecommerce sites, with eBay leading the way. US auction sites grossed $556m in May 2001, up from $223m the year before. eBay's share of that revenue was 64.3 per cent, with the nearest rival, uBid, clocking up a mere 14.7 per cent, according to a survey by Nielsen//Netratings and Harris Interactive. eBay's dominance over the market is growing, up more than 10 per cent from last year's 58.7 per cent figure. eBay also leads the way on other performance measures, including customer satisfaction and the percentage of successfully completed auctions. Yahoo! auctions had 2.4 per cent, and Amazon auctions had 2.0 per cent of the market. Auction revenues accounted for a full 10 per cent of total ecommerce revenues in May 2001, up from eight per cent the previous year.