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2013 July 23 - July 24 (2) — Trelissick House Truro, Cornwall, the Cunliffe-Copeland collection (Bonhams, £3.3m, 835 lots, sold in situ.) 2012 Mar 14 - Mar 15 (2) — Blair Castle, Dalry, North Ayrshire, Scotland, Castle owned by Blair family for over 900 years (Lyon & Turnbull, £1.2m, about 932 lots, items viewed in situ, sold in Edinburgh).
A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items, without knowing the bids of the other bidders. The auction system assigns the items in a socially optimal manner: it charges each individual the harm they cause to other bidders. [1]
If the lot is for a group of items, the price paid is for the entire lot and the winning bidder must take all the items sold. Variants on a group lot bid include "choice" and "times the money" (see definitions for each). Example: An auction has five bath fragrance gift baskets where bidding is "lot", and the hammer price is $5.
Items of historical value can sell for astronomical sums at auction, but even mundane objects can be bid skyward by enthusiasts.
The auction was removed when eBay determined that the vessel qualified as ordnance, even though all weapons systems had been removed. [22] In May 2006, a Chinese businessman named Zhang Cheng bought a former Czech Air Force MiG-21 fighter jet from a seller in the United States for $24,730. The seller, "inkgirle", refused to ship it.
This is a list of the most expensive cars sold in public auto auctions through the traditional bidding process. On May 5, 2022, in a secret auction at the brand's museum in Germany, Mercedes-Benz sold one of just two 1955 300 SLR Uhlenhaut coupes from its extensive collection of historical automobiles—which dates back to the earliest days of ...
However, each bidder has a different guess about how many quarters are in the jar. Other, real-life examples include Treasury bill auctions, initial public offerings, spectrum auctions, very prized paintings, art pieces, antiques etc. One important phenomenon occurring in common value auctions is the winner's curse. Bidders have only estimates ...
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related to: integrity auction all lots of itemshibid.com has been visited by 100K+ users in the past month