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Almost $1b spent on unwanted Xmas gifts

Posted by John Lampard on Saturday, 29 December, 2007 to the comment subset

Almost $1b spent on unwanted Xmas gifts.

Not to spoil the fun in anyway, but one billion dollars?

A Galaxy survey commissioned by online auction website eBay has found two-thirds of Australians have received at least one unwanted gift.

The survey estimates $985 million was spent on unwanted Christmas gifts, up $35 million on last year.

And guess where a lot that stuff ends up?

Ebay said Boxing Day was one of the most active days on the website, with a significant spike in the number of books, CDs and DVDs posted for sale.

The question is then, what becomes of these “unwanted” gifts that are bought on eBay? Will they in turn end up on eBay at some later time yet again?!

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