Yahoo Auctions Closing Down

Wow - this is a biggie. Yahoo Auctions will close down on June 16th, a move that essentially concedes the Web-based auction space to EBay.com. (Thanks to SearchEngineLand.com for breaking this news).

This is actually a good move for Yahoo, which over the past several years has amassed a huge but often inchaote group of properties that have given it scale but very little integration or coherence. It will be interesting to see whether Yahoo pares other underperforming sites/services from its vast roster in the near future.