Monday, August 01, 2005

Ebay vs.the flee market

The flee market isn't what it used to be:
As the Internet continues to expand as a place of commerce, it is changing the relationships between sellers and buyers, giving some a boost and stifling others. This year, about 63 percent of Americans are expected to buy something online, for a total of $79 billion, according to research firm Jupitermedia Corp.

The San Jose Flea Market, the largest open-air market in the nation, still attracts a huge number of customers, up to 60,000 in a weekend, but the experience is radically different than even a decade ago. Instead of suspense, there's reliability. Instead of meandering, there's efficiency. Bargaining is more of an exception than the norm.
Washington Post. The price system is providing much information.