Tuesday marked the official 1-year anniversary of Overstock Auctions. The company reported it has driven nearly $30 million in gross merchandise volume, more than 11 million unique listings and well over half a million registered users in its first year of operation.

Holly MacDonald-Korth, senior vice president at Overstock.com, said, "We are thrilled with our progress to date. We have had 40 times the listings and 16 times the users that eBay had at this age. These numbers, coupled with the new features we have brought to market like extended auctions and the Trusted Merchant Program, have laid the foundation for a high-growth auction marketplace and helped establish us as a serious competitor."

Overstock Auctions released some facts about its first year in business:

• Number of registered users: 660,000
  
  
• Number of unique items listed: 11.6 million
  
  
• Fastest increase in listings: surged from 50,000 to 121,000 in February when eBay raised its fees and Overstock lowered its fees
  
  
• Highest number of bids on a single item: 403 on a 40GB iPod
  
  
• Greatest number of winning bids by one user: 3,246
  
  
• Final bid for two VIP tickets to JLO boutique opening on 9/22: $6,936
  
  
• Other high-profile/celebrity auctions: a rare, 23-carat natural yellow diamond; the 2005 Chrysler Crossfire Roadster won by "The Apprentice" Bill Rancic; classic rock star memorabilia donated for Earth Day; and NASCAR memorabilia donated for Hurricane Katrina relief efforts.
  
  

http://auctions.overstock.com