The Auction Market Being Evaluated In Many States

With eBay and Ticketmaster in the auction market, it’s a good time to evaluate many states’ regulation on this practice to determine what need, if any, there is for licensing and regulation in this market.Internet and technology have been a catalyst for many of the changes in auctioning behavior, and many states are stepping up to the court field to get a piece of the pie. In May, Louisiana looked at Senate Bill 642, aimed at excluding some Internet transactions from licensing requirements related to auctions.Lobbyists from eBay sought to protect their “trading assistants� from fees and other requirements required of traditional auctioneers. “Trading assistants� are defined as experienced sellers that resell items for others for a fee.

Redifining Tradition: The Auction Industry Moves Online