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Shares in Tele Atlas got a boost, perhaps in anticipation of a higher bid, rising 40 euro cents (57 cents), or 1.8%, to 22.20 euros ($31.45), in Amsterdam.
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The bid rose to 76percentt of par value yesterday.
Stated differently, the associated marginal effect is −0.10, showing that, if bid rises by 1%, the probability of WTP will fall by 10%.
Several major publishers angled for the rights, with the bids rising to the high six figures, one publishing executive involved in the bidding said.
If it is an open auction in court, it will move along like an art auction, with bids rising in increments of perhaps $500,000, $1 million or more.
The reigning European champions, Barcelona, have also been linked with the elegant defender but Everton, who resisted bids rising to £30m and rejected a transfer request from the 21-year-old, have no plans to weaken their squad in the forthcoming window.
The night also featured a state of the art auction with Lydia from Christie's keeping that bidding rising by the thousands.
The bidding rises as follows: 1. Proposal and acceptance ("prop and cop").
Fans around the world could watch agog as the deadline neared and bids rose.
A "Japanese auction" is a bit like poker: bids rise with each round and anyone who wants to win must bid every time.
Back and forth between the two men, the bids rose until finally, at 3.5 million francs ($453,000), the gavel came down and the mask was his.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com