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On eBay, the bidding price started at $233.95, with bidding ended at a sale price of US$10,000. [63] Both the e-mail exchange and the picture have become internet hits. [64] In July 2009, Dornoch Capital Advisors placed England's Coca-Cola League One Side Tranmere Rovers F.C. on eBay without permission from owner and chairman Peter Johnson ...
1. Gigayacht. Sold for: $168 million Roman Abramovich, a Russian billionaire, must have been staring at an empty dock for a while now, because the 168 milly he shelled out for a 400-foot yacht is ...
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
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]
The length of the yacht is 91.50 m (300.2 ft) and the beam is 14.50 m (47.6 ft). The draught of Draak is 4 m (13 ft). The steel hull is strengthened to Ice Class E, with the superstructure made out of aluminium with teak laid decks. [9]
A smaller steel hull tugboat was the 94-foot (29 m) V2-ME-A1; 26 were built. The largest wooden hull was the 148-foot (45 m) V3-S-AH2, of which 14 were built. The smaller wooden hull was the 58-foot (18 m) V2-M-AL1, which 35 were built. Most V2-M-AL1 tugboats were sent to the United Kingdom for the war efforts under the lend-lease act.
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The auction is named after William Vickrey, [2] Edward H. Clarke, [3] and Theodore Groves [4] for their papers that successively generalized the idea. The VCG auction is a specific use of the more general VCG mechanism. While the VCG auction tries to make a socially optimal allocation of items, VCG mechanisms allow for the selection of a ...