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In 1859, an auction master named Z. B. Oakes purchased Ryan's Mart and built the Old Slave Mart building as an auction gallery. The building's auction table was 3 feet (0.91 m) high and 10 feet (3.0 m) long and stood just inside the arched doorway. [3] In addition to enslaved people, the market sold real estate and stock. [4]
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
The state auditor is appointed by the South Carolina State Fiscal Accountability Authority. [1] The current State Auditor is George L. Kennedy, who was appointed in 2015. [2] [3] The State auditor cannot be fired. [4] The State Auditor's office has a budget of $8,746,044 for the 2024 fiscal year, with the State Auditor being paid $165,872 ...
The state treasurer is the chief banker and investment officer of the state of South Carolina. [2] [3] As such, the state treasurer manages the cash flows and investments of all state funds and, in so doing, safeguards their assets. In 2022, the state treasury's custodial fund balances were approximately $2.8 billion.
The Secretary of State of South Carolina is an elected constitutional officer in the executive branch of government of the U.S. state of South Carolina.The secretary of state is the chief clerk of state government in South Carolina and is responsible for registering businesses and trademarks, regulating charities, authorizing cable franchises, commissioning notaries public, and serving as the ...
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]
In an English auction, all current bids are visible to all bidders and in a sealed-bid auction, bidders only get to know if their bid was the best. Best/not best auctions are sealed-bid auctions with multiple bids, where the bidders submit their prices like in English auction and get responses about the leadership of their bid. [74] Rank ...