Late last week ATDC member company WorthPoint announced that they signed a key partnership agreement with Terapeak. Terapeak, provides eBay sellers and buyers with two years of trending data to help target the best products to sell, as well as 90 days of item-specific data to guide average expected pricing, sell-through rates, list timing, keyword choice and category selection. Under the terms of the agreement, Terapeak will provide WorthPoint with eBay’s entire daily sales of antique and collectible data for inclusion in WorthPoint’s database.
This is an important achievement for WorthPoint as they continue to build a data asset of art, antique, and collectibles pricing to enable people to learn more about the value of their collectibles. Prior to this agreement WorthPoint’s database already housed over 30 million items, They have data from more than 500 auction houses and millions of products sold for retail. The eBay data will now complement this database, so that consumers, collectors, dealers and others will be able to accurately assess the value of most any item. WorthPoint expects to add over 1 billion items to its database as a result of the Terapeak agreement. That’s a lot of stuff. Enough to transform WorthPoint into the ultimate online resource for collectors and sellers.