Up until now, buyers have sent quote requests to the limited few bidders they could locate easily.
This of course is especially true if only a limited number of bidders participated and a limited number of individuals were aware that the auction sale was being conducted.
We also show that optimal auctions are typically characterized by a limited number of final bidders, which justifies the general practice of conducting two-stage auctions in environments with costly entry.
"We do not believe the event tonight suggests limited interest from potential competing bidders, rather a realization that a Roche/Ventana combination likely represents the most accretive option for both parties," he said in a research note, according to the Associated Press.
Mr. DiNovi said Thomas Lee had agreed to buy Michael Foods after a limited auction with mostly private equity bidders.
But after several weeks of uncertainty, in which the Nigerian repeatedly promised but failed to wire money for a deposit, the developer moved on to the second-highest bidder, who bought the apartment through a limited liability company.
Bidders may also participate by phone and, in a limited way, over the Internet (www.bobconnelly.com).com
That troubling thought did not weigh heavily on the minds of bidders who pushed the work of art with a limited life span to $506,500.
When considered holistically, auction drawbacks include failed project delivery if awarded bidders end up unable to meet their delivery obligations due to overly aggressive bidding, limited private sector and consumer engagement and relatively high administrative and transaction costs [75, 78].
There is excess demand for a limited number of slots on our developed economies page, so these slots could be auctioned to the highest bidder.
