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The result may mean that there are fewer bids, as bidders are deterred from bidding.
While his sons were reliable stand-ins as bidders, occasionally they erred, Kip Forbes said.
One gas-industry expert told me that in some cases fake companies were even set up to pose as bidders.
There was considerable energy throughout the evening as bidders showed their enthusiasm for the best works in the sale.
As bidders warmed up to the game, they continued to make no distinction between porcelains that were catalogued as authentic and those that were not.
This is an important concession as bidders today often have reset matching rights that give them an unlimited number of chances to match a competing bid.
Similar(17)
These findings are contrary to basic auction theory, which would say that having as many bidders as possible is the optimal strategy to achieve the highest price.
But it doesn't need a deal and its next transaction, whether as bidder or target, probably won't happen in a hurry.
Due to the distributed architecture of HMS, the internal structure of each potential holarchy that acts as bidder in CNP is not available to the manager.
Argyle are still in administration as bidder James Brent meets the PFA to try and push a bid through to buy the club.
But their offers were largely discounted as Stifel and Raymond James emerged as serious bidders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com