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The process was carried out as a blind auction.
The group is understood to have secured the contract for less than £10m in a blind auction.
Eventually, the rent became delinquent and the contents of the storage unit were sold in a blind auction.
ABC paid an unprecedented $225m in a blind auction (and was rewarded with a record audience of over 180m Americans watching the games at some point).
The risk to sellers is that the brokers and the auctioneer could collude to increase yields beyond what they would be in a blind auction.
TV-am lost the breakfast licence to GMTV in 1991 after the Conservative government changed the licensing system and ITV franchises were awarded to the highest bidder in a blind auction.
Similar(44)
Then they'll pay on top of that for things like raffle tickets and blind auctions.
-- Blind auctions for certain educational and religious institutions.
In the United Kingdom, lost pieces of luggage are sold in blind auctions.
And so with the stakes set to zero, we dive into the locker to see what I've won... Storage Hunters, the blind-auction show in which competitors bid on abandoned lock-ups in nondescript parts of the USA in the hope of finding forgotten treasure, has become a TV sensation.
In September 2001, after Ms. Shabazz fell behind on her rental payments, the storage company, according to its customary policy, offered the locker's contents for sale in a blind public auction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com