Yahoo! bails out of Australian auction sector

Sold.com in Australia, the auction site powered by Yahoo! has announced its impending closure, making way for eBay to pick up its customers.

An announcement on the Sold site states:

"On August 20th, SOLD.com.au will be closing its auction service. Until then, all current auctions will continue to run until their natural close.

We would like to thank you for using SOLD.com.au and we hope you have enjoyed the experience.

We recommend that in the future, our customers try out the great service offered by eBay, our preferred auction service"

www.sold.com.au
www.ebay.com
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