Prominent auction house Sotheby’s Holdings Inc. has teamed up with online bookseller Amazon.com, Inc. to launch a joint online auction site, sothebys.amazon.com. Amazon has invested about $45 million in Sotheby’s in connection with this 10-year arrangement.
The joint site, aimed at antiques and other collectors, will feature coins, stamps, sports and Hollywood memorabilia, fashion, animation art, toys, dolls and other collectibles, as well as general art and antiques, books and jewelry. All auction property will be offered by Sotheby’s and a select network of dealers.
The authenticity and condition of all auctioned property reportedly will be guaranteed by sellers, Amazon said.
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