Sam's traded Trade Me for a backpack

Sam Morgan has traded in his website for a backpack, but he's not gone for good

New Zealand's largest online auction site Trade Me has a new director but founder Sam Morgan hasn't gone for good.

"He's just gone on his OE," says Nigel Stanford, who set up the dating site Find Someone which Trade Me bought into earlier this year. Stanford now finds himself running the larger Trade Me site.

"He's still the major shareholder, but he's away indefinitely."

Trade Me was set up in 1999 and claims to have 62,000 members with almost 10,000 auctions currently under way.

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