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The station made national headlines in February 2012 when its broadcast license, transmitter, antenna, and studio equipment were offered for auction on eBay with a starting bid of $5,000. [ 6 ] [ 7 ] The auction was ended early over concerns of the legality of transferring a license without FCC authorization.
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]
Mahalick claims that this was the first time a radio station was sold on eBay; [10] however, at least one other station, a 6,000-watt AM station in Texas, was put for auction in 2009. [11] Also, in 2007, another broadcasting property, television station WMKG-CA in Muskegon, Michigan, was auctioned on eBay.
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]
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 the car in the late 19th century.
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.
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