Before eBay, auctions were reserved for important people bidding on paintings, vultures trying to pick up some sweet used cars from the police impound, and opportunists trolling the classifieds for estate auctions. But in 1995 Pierre Omidyar figured out a way to put auctions on the interweb, allowing prices to be set instantaneously by current supply and demand and jump starting the recirculation of used stuff. But while you might be one of the millions who've lifted up a virtual paddle to bid, how much do you really know about eBay?
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