Perhaps a little scared by recent lawsuits from fashion makers, eBay has agreed to some form of policing on its site and has teamed up with the British Museum. Together, they are warning sellers and buyers about the legalities of treasure finds trading.

The British Museum has set up a team to monitor sales on eBay and make sure antiques are sold legally with the illegal listings reported to special police detectives. This is done under the English, Welsh, and Northern Irish law where failure to report "treasures" is deemed a criminal offense. Not all items that are considered treasures are even allowed to be sold. The team will ensure proper reporting, which in turn result in legal sales.

eBay, on its part, would stop illegal listings when asked to do so and educate customers, both buyers and sellers, who may not be aware of the law. eBay has posted a guide to buying antiquities.

While eBay signed a memorandum of understanding, the company isn't actually paying the British Museum to support the team. Some found that to be ironic.

I doubt today's 2.58%, or 71 cents gain in eBay Inc. (NASDAQ: EBAY) share price has anything to do with the above, though. The rumors of something happening in China are still floating around and that is what most likely has propelled eBay's recent (starting last week) rally. eBay closed at $28.18 today.