Workflow
CEO of eBay: We now have a giant $10 billion collectibles business
eBayeBay(US:EBAY) Yahoo Financeยท2025-09-08 19:34

Company Overview - eBay's collectibles operation has reached an annual business volume of $10 billion, indicating significant growth in this segment [2] - The CEO, Jamie Iannone, emphasizes that the average household has $3,000-$4,000 worth of items that could be sold on eBay, with less than 20% currently online [1][2] Market Trends - The collectibles market is experiencing a surge, with eBay focusing on various categories including vintage clothing, premium jewelry, and classic cars [3][4] - The global collectibles market was valued at approximately $294.23 billion in 2023 and is projected to grow to $422.56 billion by 2030 [6] Consumer Behavior - Economic uncertainty is driving consumers to seek ways to make money, leading to an increase in selling items from their homes [5] - eBay's platform benefits from the used and refurbished market, which constitutes 40% of its business, as consumers look for cost-effective purchasing options [4][5] Strategic Initiatives - eBay has introduced features to enhance the experience for both collectors and sellers, aiming to facilitate better connections on the platform [5]