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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]
Euro Auctions was founded in 1998 in Dromore, County Tyrone, by Derek Keys and his brothers. [1] In August 2021, its sale to Canada's Ritchie Bros. Auctioneers for £775 million was announced. [1] The sale was called off in April 2022 due to no realistic prospect of approval by the UK competition watchdog, the Competition and Market Authority ...
The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction. This price is the aggregate of the hammer price (i.e., the winning bid or sale price at the auction) plus any buyer's premium paid to the auction houses (where levied, and in accordance with the ...
Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...
Memorable Sale; Spectrum Heritage Auctions: January 2019 $1,050,000 1866 Seated Dollar, No Motto PR-63+ United States Simpson Heritage Auctions April 2021 $1,041,300 1879 $4 Coiled Hair United States Gold Rush Collection Bonhams September 2013 $1,035,000 1894 10c United States Daggett, Parker, World-Wide Heritage Auctions: January 2005 ...
In a discriminatory price auction (or pay-as-bid auction, [4] PAB [2]), multiple homogeneous items are sold at different prices. [5] An example is the auction system at the Dutch Flower Auctions, where a lot is allocated to (potentially) multiple buyers in different bidding rounds. To speed up this process, the initial auction price for any ...
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An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple buyers. It is an iterative procedure, so the name "auction algorithm" is related to a sales auction, where multiple bids are compared to determine the best offer, with the final sales going to the highest bidders.