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The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
Dutch auctions are all sellers' bidding auctions, also known as silent auctions, which can be divided into two types. Manual silent auction is an early traditional form of price reduction auction, in which the auctioneer first publicly quotes the highest price, and then the bidders respond accordingly. In the event of a price that no one bids ...
With a well-designed auction, resources are allocated efficiently to the parties that value them the most, the government securing revenue in the process. [1] Spectrum auctions are a step toward market-based spectrum management and privatization of public airwaves, and are a way for governments to allocate scarce resources.
A Japanese auction [1] (also called ascending clock auction [2]) is a dynamic auction format. It proceeds in the following way. An initial price is displayed. This is usually a low price - it may be either 0 or the seller's reserve price. All buyers that are interested in buying the item at the displayed price enter the auction arena.
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Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois . Since 2011, it has been headquartered in Walworth, Wisconsin .
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Ton and Allen buy two units. One contains a collection of vintage cameras, the other is full of radio control equipment, including two large airplanes. Ton crashes one of planes that the potential buyer values at $600, but the other, a top-of-the-line jet, goes for $9000.
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