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An earlier auction attempt, in June, the first since Iraq nationalized its oil production in 1972, had already fizzled when the majors balked at Iraq's tough bargaining stance.
Spain sold 5.4 billion euros' worth of 12-month and 18-month bills, also paying less than at an earlier auction.
They said they felt fortunate because they had lost in an earlier auction for tour tickets with a bid of $550.
An affiliate of Men's Wearhouse had submitted the winning bid at an earlier auction, but bidding was reopened after complaints about the process.
A Chinese collector who lost out in an earlier auction is believed to be the man behind the £53.1m sale of another Qianlong vase in a provincial auction outside London just four weeks later, on November 12th.
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Sheldon Good & Company conducted two earlier auctions.
While some cars in his collection have been sold in earlier auctions, the event starting Saturday is the government's most ambitious sell-off effort yet.
And it's an awesome challenge". The country's two other large organ companies had already closed years earlier, auctioning off their hand tools, drills, and specialized equipment.
Unlike those earlier auctions, which were live and have largely been abandoned, the ones Mr. Long participates in are online, at Farms.com.
The changes the commission made in its auction procedures to avoid problems associated with earlier auctions, the company contends, have worked to dry up sources of capital, thus shutting out the very entrepreneurs the auction was meant to attract.
In addition, major players like Deutsche Telekom, AT&T and British Telecom decided not to participate in the Swiss auction, citing rising debt levels from earlier auctions in Germany and the U.K. as the reason why.
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