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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]
Beijing Hanhai (Chinese: 北京翰海; pinyin: Běijīng Hànhǎi), officially the Beijing Hanhai Auction Co., Ltd, is an auction house located in Beijing.Established in 1994, after the Chinese government began allowing the auction of relics, it grew under the management of Qin Gong to become one of the country's largest auction houses by 2003.
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.
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 ...
Tiancheng International Auctioneer Limited (also known as Tian Cheng International or Tiancheng International) is a niche auction house that specialises in the sale of Chinese art [1] as well as jadeite. [2] [3] [4] Its headquarters is in Hong Kong, with other offices in Shanghai and Beijing. [5]
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Erguotou (Chinese: 二锅头; pinyin: èrguōtóu; lit. 'second pot head', 'i.e. second distillation') is a style of qingxiang baijiu originating in Beijing and primarily made in the region surrounding. [1] [2] The process of erguotou production is what sets it apart from other qingxiang baijiu's like Fenjiu.
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