Onsale Reaches Bidding Milestone

As the Internet becomes a playground for the increasing number of auction
Web sites, veteran auctioneer Onsale
Inc. Monday announced that more than 10 million bids have been placed
on its atAuction service.

The 10-millionth bid was placed on Sunday, Feb. 21, two months after its
9 millionth bid.
The rapid growth is attributed to repeat bids by satisfied customers, the
firm said. Onsale currently has more than 1 million registered members,
and repeat customers accounted for 77 percent of the orders during the
fourth quarter.

“Passing 10 million bids illustrates our continued momentum in the retail
online auction market, even as
we are expanding into the selling of new goods with Onsale atCost, our
wholesale store,” said Jerry Kaplan, Onsale’s president and chief executive officer.

“Onsale atAuction and Onsale atCost share a common goal: to provide
customers with verifiably fair pricing so they can place an order with
confidence.”