The death knell is sounding for Yahoo! Auctions Singapore, which will shut down next Monday after 10 years in operation.

But the online auction site is not likely to be missed by Singapore's savvy netizens. Many have long migrated to other shopping sites for quicker and easier transactions.

A spokesman for Yahoo! South-east Asia told Life! the United States-based Internet company is closing down the site to provide more value to its customers by re-allocating its resources.

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