eBay has changed the way the web-connected world shops, particularly for bargain hunters; however, there are people willing to fork out a pretty penny at real auctions, so why not at online auctions?
BillionaireXchange.com, or The Luxury Xchange, is an international online auction site for people with major coin. They're calling it "the Ultra Premium eBay specifically for the high end luxury market."
Items featured on the site include:
- 2008 Riviera Sport Yacht 4700 starting at $1,059,000
- Pacifique Studios with a starting bid of $3,550,000
- St. Regis Penthouse San Francisco starting at $70,000,000
- 2007 Murcielago LP640 Coupe starting at $75,000
- 2004 Dassault Falcon 900c plane starting at $27,500,000
- 'The Board Room' Original Painting by Anthony Falbo starting at $50,000.00
- Diamond Cross Scarface figurine starting at $10,999
The site also includes foreclosed homes, some with starting bids of $100 (but the reserve price is unlisted), although the site is mostly geared toward the millionaires out there.
With a slogan like "Buy, sell and barter like billionaires," we couldn't help but be enticed. This is a site to watch, especially for those intrigued by luxury.
Online Luxury Auction Sites
BillionaireXchange.com is the Ultra Premium Version of eBay
Trend Themes
1. Luxury Online Auctions - Online auction sites for high-end luxury items are becoming more prevalent, providing an opportunity for disruptive innovation in the luxury goods market.
2. Exclusive E-commerce Platforms - E-commerce platforms with exclusive access to high-end products for the super-rich are gaining popularity, creating opportunities for tech-based disruptive innovation in e-commerce.
3. Ultra-premium Marketplaces - Marketplaces designed specifically for high-end luxury products are attracting a growing number of wealthy consumers and presenting opportunities for disruptive innovation in the luxury goods industry.
Industry Implications
1. Luxury Goods - Luxury goods industry players have the opportunity to leverage technology to create new online sales channels as more high-end customers turn to online auctions sites.
2. E-commerce - E-commerce industry players have the opportunity to capitalize on the trend toward exclusive e-commerce platforms for wealthy consumers.
3. Marketplaces - Marketplace operators focused on the luxury goods sector have the opportunity to use technology to offer more targeted products and services to high-end buyers.