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Auctionbytes-NewsFlash, Number 331 - June 06, 2002 - ISSN 1539-5065      Previous Story | | Next Story

Online Auction Services Firm Gets $6 Million in Funding
By Ina Steiner
AuctionBytes.com
June 06, 2002
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Sales Online Direct, a leading provider of collectible merchandise, software, and information to the collectible and auction industry, has completed negotiations with Augustine Fund, L.P. on $6 million in total financing. Augustine Fund has been a major institutional investor in the company since 2000, with previous investments totaling $3 million.

Sales Online Direct maintains and develops portals and Web sites for various companies and industries and has focused on the antique and collectible industry. It owns Rotman Auction, an appraisal service, and offers a Web-based auction-management program called Auction Inc Pro (AI Pro).

eBay offers the company's Ask the Appraiser service on a co-branded site. The two companies share revenues for the service, which costs $19.95 for each online appraisal.

http://www.CollectingChannel.com/ata

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Related Stories
  • Sales OnLine Direct Introduces Auction Management Service - October 17, 2001, Issue #184
  • eBay Enters Into Revenue-Sharing Deal with Online Appraisal Service - May 03, 2002, Issue #309
  • CollectingChannel.com Launches Television Programming Online - August 09, 2002, Issue #372
  • Sales OnLine Direct Releases Positive Third Quarter Financials - December 04, 2002, Issue #437
  • Rotman Auction Partners with Global Authentication for Sports Memorabilia - September 26, 2003, Issue #616
  • aiSeller Announces Integration with eBay Checkout Via PayPal - October 02, 2003, Issue #620
  • Rotman Auction Bails out of eBay, Citing Decreased Traffic - June 30, 2005, Issue #1053



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