Each new restriction in quality scoring weeds out less-professional competitors, lowering the auction price of the Adwords used for arbitrage.
The day before the Arcade sale, Sotheby's is holding its "Important Jewels" sale, a rung up from the Arcade auction price wise.
But it failed to reach its auction price at Worthing auctioneer Campbells.
He has written a memoir, "Threshold Resistance, " that tells about his career and a 9-month prison sentence he served in 2004 on an art auction price-fixing conviction.
Called Purchase Plus, the plan gives dealers the option of returning these vehicles for 95% of the auction price if they can't sell them within 60 days.
They have signed two-year deals but will have to pay 10% of their share of their auction price to their counties for releasing them for the first part of the season.
While this may seem limiting, it could potentially be a game-changer in this advertising space as the social component could validate, for example, whether a restaruant that paid the highest auction price for results is a place you would actually want to visit.
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In fact, virtually every member of this conspiracy comes away a winner because the profits at the second auction (that is, the difference between the price paid at second auction minus the price paid by the Designated Bidder at the public auction) is frequently divided among the conspirators.
Diana Brooks testifies Alfred Taubman was in on auction house price-fixing from start to finish.
Christopher Davidge, former Christie's CEO, says the auction house price-fixing scheme was Taubman's idea.
Insurers and traditional Medicare, which would remain as is, would essentially participate in a reverse auction to price the coverage in a given region.
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Behind those two heavy hitters is German visual artist, Gerhard Richter whose piece, Abstraktes Bild, set an auction record price for a painting by a living artist at 34 million dollars.
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Unlike the name-your-own-price auction service at the US version of Priceline, GetGoing gives you the exact times of your flight in advance.
The auction house said the price paid for the 110.03-carat gem set a world auction record for yellow diamonds.
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Eventually, automated ad sales could bring down the price of ads, as an auction system lets bidders set their price.
Sotheby's can now boast the record price at auction for any piece of sculpture, ancient or modern.
If you want to hold an auction and expect the price to rise, you need more than one bidder.
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"Chances are you are still getting the best price at auction, " he says.
If the piece sells above the original acquisition price, Art Auction Guarantee takes 15% of the profit and the owner keeps the rest.
The ostensible reason for the delay is a row between the department of telecommunications and the finance ministry, which wants to raise the minimum price in the auction.
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The Dutch auction allows "a better price-discovery system, " Hambrecht says.
Then two collectors--Rajiv Chaudhri, a New York hedge fund manager bidding by phone, and an Indian collector who had flown to the U.S. for the auction--battled the price higher.
But the Chinese firm will be hard put to run Slavneft without local cooperation which makes some observers suspect it is really only in the auction to bid up the price.
Since July this year, Art Auction Guarantee, a company founded in 2011, have offered buyers of art at auction a guarantee that, for a percentage of the acquisition price (5% to 7.5%), they will get back what they paid for the piece if it is resold at auction after two years or more and fails to make the reserve price.
The Singhs are willing to pay the top price at any land auction and team up with local developers in cities where DLF is a newcomer.
If they give the burned remains to a charity, they probably would not have any further deduction, but if there was one it would not exceed the sale price at the charity auction.
Alfred, the company's founder, did nine months in jail related to a price-fixing scandal at auction house Sotheby's, where he was chairman.
They left out works put up for auction that failed to fetch their reserve price the auctioneer's lowest acceptable bid for the work.
If an open auction could add 17% to the price of the Rangers it could certainly add 20% to the price of the Dodgers.
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