Online auction firm goes under
- By Dibya Sarkar
- Sep 19, 2000
The online auction company eCitydeals, which caters to municipal governments
and agencies, apparently has folded.
The voice mail message of Howard Robinson, the company's vice president
of real estate and economic development, said: "I'm sorry to announce that
eCitydeals has closed as a company."
Robinson, reached on his cell phone, declined to comment. A message left
for chief executive officer Larry Kosmont was not returned.
The Los Angeles-based company, launched in April, conducted online auctions
of surplus government machinery, vehicles and supplies.
Several municipal officials contacted in the past several weeks had said
they believed the market for online auctions looked promising even though
many said they were proceeding cautiously. Many commented that eCitydeals
was a cooperative and responsive company and very customer-focused.
Mike Coburn, contracts manager for Newport News, Va., said he didn't hear
anything about the company's closing and eCitydeals has not contacted him.
"Yeah, I'm shocked. Not a very pleasant shock. It kind of leaves me in the
lurch on things," he said, adding that the city had an auction with eCitydeals
that closed Sept. 13. Newport News had sold nearly $67,000 via the Internet,
including motorcycles, sport utility vehicles, refuse trucks, buses, cars
and a welder, Coburn said.