Yahoo Auctions is closing in US & Canada

Yahoo Auctions in US and Canada will be closed down on June 15. However, operations in other Yahoo Auctions sites in Hong Kong, Singapore and Taiwan will continue as usual.

Reasons:

• Yahoo want to concentrate in other Yahoo products which are more profitable.
• Small market share in US = 0.19% as compared to eBay 95%.
• Potential e-auction sales tax