Yahoo has announced that they will be closing Yahoo Auctions in the United States and Canada as of June 16, 2007. Yahoo Auctions will continue in Hong Kong, Singapore and Taiwan.
Here is the last date of some important events:
Last day to list an item: June 3, 2007
Last day to Bid/Buy: June 16, 2007
Last day to access remaining site tools such as My Account: October 29, 2007
As Yahoo has a good working relationship with eBay and the site didn't seem to get much attraction. Given that it wasn't really doing much for Yahoo it makes sense for them to focus on other areas.
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