CQout

CQout (pronounced 'Seek You Out') is an online auction company which is based in the UK and trades nationally in over 80 countries.

CQout was launched in 1999 by three London Business School Graduates, namely Tony Newton, founder and creative director, Siamak Bashi, now the company's CEO, and Mike Rees.

By number of items listed, CQout is the UK's 2nd largest online auction website listing around ¼ million in December 2006, ½ million in September 2007 and almost ¾ million in August 2008.

Listing items for auction on CQout is free in order to offer its sellers a 'no sale, no fee' service. A proportion of the final selling price for each item sold via the CQout website is taken as an alternative to charging listing fees. CQout charges a commission on each sale contract relative to its final selling price. This commission is payable by the seller on formation of a contract of sale.

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