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Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. [1] The choice of the winner is done by a lottery, whereby the bidders compete for a higher chance of winning. [1] It is also known as penny raffle, chance auction and tricky tray. [2] [3]
This European influence is particularly marked in the case of beer, whose modern Chinese name pijiu is a Qing-era transcription of the English beer and German Bier. Two of the principal brewers in modern China, Tsingtao and Harbin , are named for the sites of the former major German and Russian breweries.
Pages in category "Auction houses based in Beijing" The following 2 pages are in this category, out of 2 total. This list may not reflect recent changes. B.
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8 Great Gifts For Food And Wine Lovers This Holiday Season The floral enamel tips add a pop of festive color, and the acacia wood is made from durable material.
Chinese auction houses (1 C, 1 P) D. Danish auction houses (1 P) ... Pages in category "Auction houses" The following 2 pages are in this category, out of 2 total.
Another special case of a combinatorial auction is the combinatorial clock auction (CCA), which combines a clock auction, during which bidders may provide their confirmations in response to the rising prices, with a subsequantial sealed bid auction, in which bidders submit sealed package bids. The auctioneer uses the final bids to compute the ...
A bowl made around 900 years ago has just fetched $38 million at auction, setting a new record for Chinese porcelain. The antique Chinese bowl was made around 900 years ago during the Song Dynasty ...
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