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Prices may be posted online. Some collectors annotate their copies of the catalogs, to record prices brought and even buyers' identities. The actual physical auction catalog is limited to print runs which started in 2005 when the major auction houses created their own app. Since 2020, it is rare that you can purchase the physical auction catalog.
In common value auctions the value of the item for sale is identical amongst bidders, but bidders have different information about the item's value. This stands in contrast to a private value auction where each bidder's private valuation of the item is different and independent of peers' valuations. [1]
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]
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]
West End Draught is a full-strength beer with an alcohol percentage of 4.5%. [9]Other beers formerly brewed under the West End brand were West End Export, [10] West End Gold, [11] and West End Light, [12] but these are no longer manufactured.
March is a great month to start shopping for the great outdoors. According to Consumer Reports, here are some of the best deals you'll find.
From this time, the production of Waikato Draught was moved to the Lion Breweries in Newmarket, Auckland. In 2005, Waikato Draught was awarded a gold medal in the NZ draught category at the BrewNZ New Zealand Beer Awards. [4] The manufacturer claims that Waikato Draught has a strong malty flavour with a well-defined bitterness. [5]
Lion Red is a New Zealand ale beer brewed by Lion Breweries in Auckland, part of Lion a subsidiary of Japanese beverage conglomerate Kirin.The beer is 4.0% alcohol. Because of its relatively low alcohol content it is widely regarded as an excellent 'session' beer, that is, a beer that can be consumed freely over a long session of time without all the adverse effects of a higher alcohol volume ...