Sentence examples for sealed bidding from inspiring English sources
In awarding him the 1996 Nobel Prize, the selection committee specifically cited his novel approach to auctioneering (now known as a "Vickrey auction"), which, through sealed bidding, awards the auctioned item to the highest bidder but at the price submitted by the second highest bidder.
Sealed bids for the meter are being accepted until Friday.
In Beijing and Shanghai they plumped for a zhaobiao or "sealed bid" sale.
After NBC's presentation, all three networks deposited sealed bids in a plexiglass box.
In the past such uneeded equipment was sold by sealed bid.
According to magazine Education Investor, sealed bids are invited for the sale of the college next week.
Each bidder must submit a sealed bid along with a check for 10percentt of its value.
Sealed bids and a deposit of $250,000 (refundable to losers) are due on July 13.
More often than not, that last purchase was pre-Internet style, through sealed bids.
Some New York area brokers say they conduct "sealed bid" auctions similar to those auctioneers hold.
