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Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km 2) of farmland west of Lexington, which had been owned by Jack O. Keene. A division of Keeneland Association, Inc., it holds three annual horse auctions that attract buyers from around the ...
The auction started with a bid of 99 pence and reached 10 million pounds (US$17.28 million). However, singer Björk was "not included" in the sale. The notice read: "Located in the mid-Atlantic ridge in the North Atlantic Ocean, Iceland will provide the winning bidder with – a habitable environment, Icelandic Horses and admittedly a somewhat ...
The winner's curse is a phenomenon that may occur in common value auctions, where all bidders have the same value for an item but receive different private signals about this value and wherein the winner is the bidder with the most optimistic evaluation of the asset and therefore will tend to overestimate and overpay.
The musical instrument, crafted in 1714 by Stradivari, the luthier most famously associated with the violin, sold for $11.3 million at a Sotheby's auction in New York Friday.
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.
EBay’s stock price rose nearly 10% on Wednesday—one of its largest single-day increases in years—boosting the company’s market cap by about $3 billion to $33 billion.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
We tracked down the week's best deals at Amazon, including an iPad that's $100 off and a range of beauty products that are marked down.