Auction Price Quotes

Looks like someone's suffering the Winner's Curse." Kestrel turned to her. "What do you mean?" "You don't come to auctions often, do you? The Winner's Curse is when you come out on top of the bid, but only by paying a steep price.

And a variety of more colorful names. Hypothetically.” The privateer cast him an assessing glance. “Just how did you know I wasn’t who I claimed to be, Mister Brekker?” Kaz shrugged. “You speak Kerch like a native—a rich native. You don’t talk like someone who came up with sailors and street thugs.” The privateer turned slightly, giving Kaz his full attention. His ease was gone, and now he looked like a man who might command armies. “Mister Brekker,” he said. “Kaz, if I may? I am in a vulnerable position. I am a king ruling a country with an empty treasury, facing enemies on all sides. There are also forces within my country that might seize any absence as an opportunity to make their own bid for power.” “So you’re saying you’d make an excellent hostage.” “I suspect that the ransom for me would be considerably less than the price Kuwei has on his head. Really, it’s a bit of a blow to my self-esteem.” “You don’t seem to be suffering,” said Kaz. “Sturmhond was a creation of my youth, and his reputation still serves me well. I cannot bid on Kuwei Yul-Bo as the king of Ravka. I hope your plan will play out the way you think it will. But if it doesn’t, the loss of such a prize would be seen as a humiliating blunder diplomatically and strategically. I enter that auction as Sturmhond or as no one at all. If that is a problem—” Kaz settled his hands on his cane. “As long as you don’t try to con me, you can enter as the Fairy Queen of Istamere.

With that kill, the watching crowd realized this wasn’t just a show designed to inflate auction prices, and they howled for more blood. The brigand’s, Elka’s, mine, it didn’t matter. It made my stomach turn. This was what the Romans thought of as entertainment? And they called us barbarians.

A monkey is always a monkey," says the proverb, "even if he has birth-tokens of gold." Although you have a book in your hand and read all the time, you do not under­stand a single thing that you read, but you are like the donkey that listens to the lyre and wags his ears. If possessing books made their owner learned, they would indeed be a possession of great price, and only rich men like you would have them, since you could buy them at auction, as it were, outbidding us poor men. In that case, however, who could rival the dealers and booksellers for learning, who possess and sell so many books ? But if you care to look into the matter, you will see that they are not much superior to you in that point; they are barbarous of speech and obtuse in mind like you—just what one would expect people to be who have no conception of what is good and bad. Yet you have only two or three books which they themselves have sold you, while they handle books night and day.

Looks like someone’s suffering the Winner’s Curse.” Kestrel turned to her. “What do you mean?” “You don’t come to auctions often, do you? The Winner’s Curse is when you come out on top of the bid, but only by paying a steep price.

One can never call me a quitter I take something right and see it through till it’s wrong Auctioning myself off to the lowest bidder Going once, going twice Gone Sold to the man for the price of disdain Some are sold for a song I don’t rate a refrain I guess it was all going just a little too well If I wasn’t careful I’d be happy pretty soon Heaven’s no place for one who thrives on hell, One who prefers the bit to the silver spoon. Then just when I’d almost resigned myself to winning When it seemed my bright future would never dim When my luck looked as though it was only beginning I met him. Sullen and scornful; a real Marlboro man The type who pours out the beer and eats the can A tall guy with a cultivated leer One you can count on to diaprove or disappear I knew right away that he was a find Given this, he was the kindest man I’d ever met Back came my sense of worthlessness And my long lost pangs of regret I was my old self again, lost and confused Reunited with that old feeling Of being misunderstood and misused. Sold to the man for the price of disdain All of this would be interesting If it weren’t so mundane

Behold the complacent salesman retailing the Good and True. One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap,--a prayer for a ticket to heaven, a diploma for an honorable citizenship.Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer.

Publication – is the Auction (788) Publication – is the Auction Of the Mind of Man – Poverty – be justifying For so foul a thing Possibly – but We – would rather From Our Garret go White – unto the White Creator – Than invest – Our Snow – Thought belong to Him who gave it – Then – to Him Who bear It's Corporeal illustration – sell The Royal Air – In the Parcel – Be the Merchant Of the Heavenly Grace – But reduce no Human Spirit To Disgrace of Price –

Education, in order to keep up the mighty delusion, encourages a species of ignorance. People are not taught to be really virtuous, but to behave properly. We are wicked because we are frightfully self-conscious. We nurse a conscience because we are afraid to tell the truth to others; we take refuge in pride because we are afraid to tell the truth to ourselves. How can one be serious with the world when the world itself is so ridiculous! The spirit of barter is everywhere. Honour and Chastity! Behold the complacent salesman retailing the Good and True. One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap, --a prayer for a ticket to heaven, a diploma for an honourable citizenship. Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer. Why do men and women like to advertise themselves so much? Is it not but an instinct derived from the days of slavery?

Auctions are a venerable selling institution, in use since the time of Herodotus. The word comes from the Latin auctus, meaning to increase. An obscure term for auction, one guaranteed to impress friends and neighbors, is the Latin word subhastare. It is the conjunction of sub, meaning "under," and hasta, meaning "spear." After a military victory, a Roman soldier would plant his spear in the ground to mark the location of his spoils. Later, he would put these goods up for sale by auction. ¹The highest bidder was called the emptor, whence the term caveat emptor.

Yes, we were sold at auction, like swine.  In a big town and an active market we should have brought a good price; but this place was utterly stagnant and so we sold at a figure which makes me ashamed, every time I think of it.  The King of England brought seven dollars, and his prime minister nine; whereas the king was easily worth twelve dollars and I as easily worth fifteen.  But that is the way things always go; if you force a sale on a dull market, I don’t care what the property is, you are going to make a poor business of it, and you can make up your mind to it.

Wylan—and the obliging Kuwei—will get the weevil working,” Kaz continued. “Once we have Inej, we can move on Van Eck’s silos.” Nina rolled her eyes. “Good thing this is all about getting our money and not about saving Inej. Definitely not about that.” “If you don’t care about money, Nina dear, call it by its other names.” “Kruge? Scrub? Kaz’s one true love?” “Freedom, security, retribution.” “You can’t put a price on those things.” “No? I bet Jesper can. It’s the price of the lien on his father’s farm.” The sharpshooter looked at the toes of his boots. “What about you, Wylan? Can you put a price on the chance to walk away from Ketterdam and live your own life? And Nina, I suspect you and your Fjerdan may want something more to subsist on than patriotism and longing glances. Inej might have a number in mind too. It’s the price of a future, and it’s Van Eck’s turn to pay.” Matthias was not fooled. Kaz always spoke logic, but that didn’t mean he always told truth. “The Wraith’s life is worth more than that,” said Matthias. “To all of us.” “We get Inej. We get our money. It’s as simple as that.” “Simple as that,” said Nina. “Did you know I’m next in line for the Fjerdan throne? They call me Princess Ilse of Engelsberg.” “There is no princess of Engelsberg,” said Matthias. “It’s a fishing town.” Nina shrugged. “If we’re going to lie to ourselves, we might as well be grand about it.” Kaz ignored her, spreading a map of the city over the table, and Matthias heard Wylan murmur to Jesper, “Why won’t he just say he wants her back?” “You’ve met Kaz, right?” “But she’s one of us.” Jesper’s brows rose again. “One of us? Does that mean she knows the secret handshake? Does that mean you’re ready to get a tattoo?” He ran a finger up Wylan’s forearm, and Wylan flushed a vibrant pink. Matthias couldn’t help but sympathize with the boy. He knew what it was to be out of your depth, and he sometimes suspected they could forgo all of Kaz’s planning and simply let Jesper and Nina flirt the entirety of Ketterdam into submission. Wylan pulled his sleeve down self-consciously. “Inej is part of the crew.” “Just don’t push it.” “Why not?” “Because the practical thing would be for Kaz to auction Kuwei to the highest bidder and forget about Inej entirely.” “He wouldn’t—” Wylan broke off abruptly, doubt creeping over his features. None of them really knew what Kaz would or wouldn’t do. Sometimes Matthias wondered if even Kaz was sure. “Okay, Kaz,” said Nina, slipping off her shoes and wiggling her toes. “Since this is about the almighty plan, how about you stop meditating over that map and tell us just what we’re in for.

On a spring day in 1988…a Massachusetts man who collected books about local history was rummaging through a bin in a New Hampshire antiques barn when something caught his eye. Beneath texts on fertilizers and farm machines lay a slim, worn pamphlet with tea-colored paper covers, titled Tamerlane and Other Poems, by an unnamed author identified simply as “a Bostonian.” He was fairly certain he had found something exceptional, paid the $15 price, and headed home, where Tamerlane would spend only one night. The next day, he contacted Sotheby’s, and they confirmed his suspicion that he had just made one of the most exciting book discoveries in years. The pamphlet was a copy of Edgar Allan Poe’s first text, written when he was only fourteen years old, a find that fortune-seeking collectors have imagined happening upon probably more than they’d like to admit. The humble-looking, forty-page pamphlet was published in 1827 by Calvin F.S. Thomas, a relatively unknown Boston printer who specialized in apothecary labels, and its original price was about twelve cents. But this copy, looking good for its 161 years, most of which were probably spent languishing in one dusty attic box after another, would soon be auctioned for a staggering $198,000.

The Romans also had beautifully made metal colanders and bronze chafing dishes, flattish metal patinae, vast cauldrons of brass and bronze, pastry molds in varying ornate shapes, fish kettles, frying pans with special pouring lips to dispense the sauce and handles that folded up. Much of what has remained looks disconcertingly modern. The range of Roman metal cookware was still impressing the chef Alexis Soyer in 1853. Soyer was particularly taken with a very high-tech sounding two-tiered vessel called the authepsa (the name means “self-boiling”). Like a modern steamer, it came in two layers, made of Corinthian brass. The top compartment, said Soyer, could be used for gently cooking “light delicacies destined for dessert.” It was a highly valued utensil. Cicero describes one authepsa being sold at auction for such a high price that bystanders assumed the thing being sold was an entire farm.

One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap, -- a prayer for a ticket to heaven, a diploma for an honourable citizenship. Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer.

But then Simon & Schuster wants in; then Penguin Random House, too, then Amazon (nobody in their right mind goes with Amazon, Brett assures me; they’re here just to drive price up), and then all the smaller, prestigious independent houses that somehow still exist. We go to auction. The number keeps going up. They’re talking about payment schedules, earn-out bonuses, world rights versus North American rights, audio rights, all these things that weren’t even part of the conversation for my debut sale.

A stranger came out to White Acre one day to sell Henry a pony, for Alma to learn to ride. The pony's name was Soames, and he was the color of sugar icing, and Alma loved him immediately. A price was negotiated. The two men settled on three dollars. Alma, who was only six years old, asked, "Excuse me, sir, but does that price also include the bridle and saddle which the pony is currently wearing?" The stranger balked at the question, but Henry roared with laughter. "She's got you there, man!" he bellowed, and for the rest of that day, he ruffled Alma's hair whenever she came nearer, saying, "What a good little auctioneer I've got as a daughter!

Each Beatle is to receive one of the first four albums in the run, with a sequential number printed on each cover. John wants the first of the first, calling out, “Bagsy No. 1!” “John got 000001 because he shouted the loudest,”12 Paul remembers. Ringo keeps his double album in a bank vault. And there it stays until 2015, when the drummer discovers that his copy, not John’s,13 is the original — number 000001. That Saturday, December 5, 2015, Julien’s Auctions, in Beverly Hills, sets a guide price of $40,000 to $60,000, which will go to Ringo’s charity, the Lotus Foundation. The bidding shatters records, bringing $790,000. Ringo has a message for the buyer: “Whoever gets it it will have my fingerprints

The land north of the Ohio River and west of the Appalachians was to be surveyed and marked off in a rectangular pattern—with east-west baselines and north-south ranges—before any of it was sold. This territory was to be divided into townships six miles square, with each township in turn cut up into thirty-six numbered sections of 640 acres each. Land was to be sold at auction, but the minimum price was set at one dollar per acre, and no one could buy less than a section of 640 acres, which meant that a very substantial sum was needed for any purchase. In each township Congress retained four sections for future sale and set aside one other for the support of public education. Although only seven ranges were actually surveyed in southeastern Ohio, this policy of surveying in rectangular units became the basis of America’s land system.

One can hardly fault China for seizing on a great bargain, but for Zambia, the auctioning off of its most lucrative economic resources at fire-sale prices constituted another big stroke of bad national luck. Copper prices were still depressed and the government’s state of near bankruptcy at the time meant that Zambia had little negotiating power. Edith Nawakwi, who was the Zambian finance minister at the time of the sale, said that the country was pressured by its more traditional partners to accept this pittance. “We were told by advisers, who included the International Monetary Fund and the World Bank, that … for the next twenty years, Zambian copper would not make a profit. [Conversely, if we privatized] we would be able to access debt relief, and this was a huge carrot in front of us—like waving medicine in front of a dying woman. We had no option [but to go ahead].” The

He is a slave.” “He is a man, as I am.” Kestrel slipped from her saddle, stood face-to-face with Ronan, and lied. “He is nothing to me.” Ronan’s anger dimmed a little. He waited, listening. “I never should have challenged Irex.” Kestrel decided to weave some truth into her story, to toughen the fabric of it. “But he and I have an unfriendly history. He made me an offer last spring. I turned him down. Since then, he has been…aggressive.” She had Ronan’s sympathy then, and she was grateful, for she didn’t know what she would do if he and Jess turned their backs on her. She needed them--not only today, but always. “Irex angered me. The slave was just an excuse.” How much easier everything would be if that were so. But Kestrel wouldn’t let herself consider the truth. She didn’t want to know its shape or see its face. “I was thoughtless and rash, but I’ve drawn my tiles and must play them. Will you help me, Ronan? Will you do as I asked in my letter?” “Yes.” He still looked unhappy. “Though as far as I can see, there is little for me to do but stand and watch you fight.” “And Jess? Will she be at the duel?” “Yes, as soon as she is done weeping her eyes out. What a fright you’ve given us, Kestrel.” Kestrel opened a saddlebag and passed Ronan the purse with the death-price. He took it, recognizing it by its weight and the fact that her letter had told him to expect it. Softly, he said, “You frightened me.” She embraced him, stepping into his arms. They relaxed around her. His chin rested on top of her head, and she felt his forgiveness. She tried to push away thoughts of Arin on the auction block, of the look in his eyes when he asked where his honor was, of him swearing at her guards in his tongue. She held Ronan more tightly, pressing her cheek against his chest. Ronan sighed. “I’ll ride with you to Irex’s house,” he said, “and see you safely home after you’ve won.

It was so dark in the attic that at first the girls could see little by candlelight. As soon as Nancy’s eyes became accustomed to the dimness, she groped her way forward in the cluttered room. “The attic is really very interesting,” she said, surveying the assortment of boxes and trunks. She called her friends’ attention to a fine old table which stood in one corner. “I believe Mr. March could sell that,” she said. “And look at these old-fashioned hatboxes!” She picked up one of the round, cardboard boxes. On it was the picture of a gay rural scene of early American life. “Let me see that!” exclaimed Bess, blowing off the dust. “Mr. March certainly could get something for this. Only yesterday Mother told me about a hatbox like this which brought a good price at an auction sale.” “There are at least a dozen here!” George declared excitedly. “All in good condition, too!” They were decorated with pictures of eagles and flowers, as well as scenes of American history. Two of them contained velvet bonnets with feather ornaments. “Girls, this attic may be a valuable find!” Nancy exclaimed.

The clearest signs of Hakodate's current greatness, though, can be found clustered around its central train station, in the morning market, where blocks and blocks of pristine seafood explode onto the sidewalks like an edible aquarium, showcasing the might of the Japanese fishing industry. Hokkaido is ground zero for the world's high-end sushi culture. The cold waters off the island have long been home to Japan's A-list of seafood: hairy crab, salmon, scallops, squid, and, of course, uni. The word "Hokkaido" attached to any of these creatures commands a premium at market, one that the finest sushi chefs around the world are all too happy to pay. Most of the Hokkaido haul is shipped off to the Tsukiji market in Tokyo, where it's auctioned and scattered piece by piece around Japan and the big cities of the world. But the island keeps a small portion of the good stuff for itself, most of which seems to be concentrated in a two-hundred-meter stretch in Hakodate. Everything here glistens with that sparkly sea essence, and nearly everything is meant to be consumed in the moment. Live sea urchins, piled high in hillocks of purple spikes, are split with scissors and scraped out raw with chopsticks. Scallops are blowtorched in their shells until their edges char and their sweet liquor concentrates. Somewhere, surely, a young fishmonger will spoon salmon roe directly into your mouth for the right price.

Success comes with an inevitable problem: market saturation. New products initially grow just by adding more customers—to grow a network, add more nodes. Eventually this stops working because nearly everyone in the target market has joined the network, and there are not enough potential customers left. From here, the focus has to shift from adding new customers to layering on more services and revenue opportunities with existing ones. eBay had this problem in its early years, and had to figure its way out. My colleague at a16z, Jeff Jordan, experienced this himself, and would often write and speak about his first month as the general manager of eBay’s US business. It was in 2000, and for the first time ever, eBay’s US business failed to grow on a month-over-month basis. This was critical for eBay because nearly all the revenue and profit for the company came from the US unit—without growth in the United States, the entire business would stagnate. Something had to be done quickly. It’s tempting to just optimize the core business. After all, increasing a big revenue base even a little bit often looks more appealing than starting at zero. Bolder bets are risky. Yet because of the dynamics of market saturation, a product’s growth tends to slow down and not speed up. There’s no way around maintaining a high growth rate besides continuing to innovate. Jeff shared what the team did to find the next phase of growth for the company: eBay.com at the time enabled the community to buy and sell solely through online auctions. But auctions intimidated many prospective users who expressed preference for the ease and simplicity of fixed price formats. Interestingly, our research suggested that our online auction users were biased towards men, who relished the competitive aspect of the auction. So the first major innovation we pursued was to implement the (revolutionary!) concept of offering items for a fixed price on ebay.com, which we termed “buy-it-now.” Buy-it-now was surprisingly controversial to many in both the eBay community and in eBay headquarters. But we swallowed hard, took the risk and launched the feature . . . and it paid off big. These days, the buy-it-now format represents over $40 billion of annual Gross Merchandise Volume for eBay, 62% of their total.65

A painting, as any other object, worth the price people are ready to pay for : from pennies to billions. Because an object has no price itself.

It’s an idea that humans have been practicing for millennia. After all, what is the traditional open-air marketplace found in villages and cities from Africa to Europe if not a platform in which farmers and craftspeople sell their wares to local consumers? The same is true of the original stock markets that grew up in cities like London and New York, where buyers and sellers of company shares would gather in person to establish fair market prices through the open outcry auction system. The main difference between these traditional platform businesses and the modern platforms featured in this book is, of course, the addition of digital technology, which enormously expands a platform’s reach, speed, convenience, and efficiency.

As a collector he was careful, too, and much of his collection was acquired at reasonable prices, because not many people were interested, at that time, in his field. He really knew about everything he bid for at auctions or acquired after spending hours in old bookstores or print shops. His interest was in the American Navy and he collected books and letters and prints and models of ships. The collection was fairly sizable and interesting when he went to Washington as assistant secretary of the navy, but those years in the Navy Department gave him great opportunity to add to it. He was offered and acquired an entire trunkful of letters which included the love letters of one of our early naval officers. He also acquired a letter written by a captain to his wife describing receipt of the news of George Washington’s death and his subsequent action on passing Mount Vernon. He is said to have instituted a custom which every navy ship has followed from that day to this, and which varies only according to the personnel carried by the ship. All the ships lower the flag to half mast, man the rail, toll the bell and, if a bugler is on board, blow taps.

So, similarly, there’s another exchange (auction) that sells smaller, cheaper companies. It’s called the Over The Counter Market (OTC). It’s more like the lower priced rocking chair / furniture auction. I'm not knocking the companies that are sold there. They are just much smaller companies, many of which are just getting started. Some of these startup companies can offer incredible profit opportunities if you have good research and pick the right one.

Hello diary Bart here. I bought this diary at a village auction. The price was 8 emeralds and I bought it. I am just a lonely wandering trader travelling the overworld by myself. I am always running away from mobs, but I want to attack them and kill them. Anyways I am in this small mountain biome village and I found an inn. It was only bright morning, so I decided to find a blacksmith to trade an iron sword for. I was walking around the village and I finally found a blacksmith setting up a stall in case a player came by so he could sell his goods.

Loved ones will beg you to stay home but in the same breath refuse to stop mentioning how much money they need. They want you around more but want the all-mighty dollar just as much. So, though you may long for your warm bed at home, you know it will be freezing cold if you don’t come home with money independent of how many blankets you pile upon yourself. Just because fish were worthless this month doesn’t mean the mortgage or price of groceries was adjusted to reflect how terrible the auction was.

I did something stupid when I was eighteen," I told them, swallowing heavily against the rising tide of emotion. "I fucked up, and as a result Seph almost paid the price. Our father listed her for sale on a darknet site that dealt in what they considered top tier human auctions. Through some investigation, I discovered that this wasn't the first time my father had dealt in stolen girls. He and the Lockhart family had been smuggling countless children into the country for years. But the part that flipped my switch was when I discovered it'd been Chase, my fucking fiancé, who had given Garrett—or Fang as he liked to be called—the idea to sell Seph to remind Darling who really holds the power.

he painted A View of Delft, The Girl with a Pearl Earring, The Milkmaid, and some thirty more. The work met a respectful welcome, but no one was bowled over. Certainly no one spoke of Vermeer as a genius. But his work commanded high fees, and it continued to do so in the years shortly after his death, in 1675. At an Amsterdam auction in 1696, for example, twenty-one Vermeers sold at an average price of 72 guilders apiece. The Lacemaker, now at the Louvre, brought only 28 guilders, but the Milkmaid brought 175 guilders, and A View of Delft the highest price of all, 200 guilders.

The tables are moved by spirit - paintings and other works of art are are locked away. And the soul inside becomes ever more inspired as the auction price goes up!

The Cubs are a major league baseball team based in Chicago. Apparently, the team was once cursed by a goat and is doomed now to never win the World Series. The 71 seats [auctioned by the Chicago Board of Exchange] are adjacent to the Cubs' dugout on the third-base line. This is an unnecessary detail needed to give color to what would otherwise be a dull and uninspiring narrative.

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There’s Tom,” Becky says. He’s been tromping around the city half the day, but I don’t see a speck of mud on him. Though he dresses plain, it always seems he rolls out of bed in the morning with his hair and clothes as neat and ordered as his arguments. We walk over to join him, and he acknowledges us with a slight, perfectly controlled nod. He’s one of the college men, three confirmed bachelors who left Illinois College to join our wagon train west. Compared to the other two, Tom Bigler is a bit of a closed book—one of those big books with tiny print you use as a doorstop or for smashing bugs. And he’s been closing up tighter and tighter since we blew up Uncle Hiram’s gold mine, when Tom negotiated with James Henry Hardwick to get us out of that mess. “How goes the hunt for an office?” I ask. “Not good,” Tom says. “I found one place—only one place—and it’s a cellar halfway up the side of one those mountains.” Being from Illinois, which I gather is flat as a griddle, Tom still thinks anything taller than a tree is a mountain. “Maybe eight foot square, no windows and a dirt floor, and they want a thousand dollars a month for it.” “Is it the cost or the lack of windows that bothers you?” He pauses. Sighs. “Believe it or not, that’s a reasonable price. Everything else I’ve found is worse—five thousand a month for the basement of the Ward Hotel, ten thousand a month for a whole house. The land here is more valuable than anything on it, even gold. I’ve never seen so many people trying to cram themselves into such a small area.” “So it’s the lack of windows.” He gives me a side-eyed glance. “I came to California to make a fortune, but it appears a fortune is required just to get started. I may have to take up employment with an existing firm, like this one.” Peering at us more closely, he says, “I thought you were going to acquire the Joyner house? I mean, I’m glad to see you, but it seems things have gone poorly?” “They’ve gone terribly,” Becky says. “They haven’t gone at all,” I add. “They’ll only release it to Mr. Joyner,” Becky says. Tom’s eyebrows rise slightly. “I did mention that this could be a problem, remember?” “Only a slight one,” I say with more hope than conviction. “Without Mr. Joyner’s signature,” Becky explains, “they’ll sell my wedding cottage at auction. Our options are to buy back what’s ours, which I don’t want to do, or sue to recover it, which is why I’ve come to find you.” If I didn’t know Tom so well, I might miss the slight frown turning his lips. He says, “There’s no legal standing to sue. Andrew Junior is of insufficient age, and both his and Mr. Joyner’s closest male relative would be the family patriarch back in Tennessee. You see, it’s a matter of cov—” “Coverture!” says Becky fiercely. “I know. So what can I do?” “There’s always robbery.” I’m glad I’m not drinking anything, because I’m pretty sure I’d spit it over everyone in range. “Tom!” Becky says. “Are you seriously suggesting—?” “I’m merely outlining your full range of options. You don’t want to buy it back. You have no legal standing to sue for it. That leaves stealing it or letting it go.” This is the Tom we’ve started to see recently. A little angry, maybe a little dangerous. I haven’t made up my mind if I like the change or not. “I’m not letting it go,” Becky says. “Just because a bunch of men pass laws so other men who look just like them can legally steal? Doesn’t mean they should get away with it.” We’ve been noticed; some of the men in the office are eyeing us curiously. “How would you go about stealing it back, Tom?” I ask in a low voice, partly to needle him and partly to find out what he really thinks. He glances around, brows knitting. “I suppose I would get a bunch of men who look like me to pass some laws in my favor and then take it back through legal means.” I laugh in spite of myself. “You’re no help at all,” Becky says.

Ad-based growth teams should be optimizing pricing in a similarly fluid way. The largest advertising platforms, such as Google and Facebook, use an auction model to set the value of their ad inventory, which essentially means that when advertisers want to place an ad they set a bid price for what they’re willing to pay, then the site gives the ad space to the highest bidder (this is a dramatic oversimplification; the auction processes are dauntingly complex). When that bidder’s budget is exhausted, often by hitting a daily cap or other restriction, the next highest bidder is given the inventory, and so on, until all available inventory is used. These companies also use elements such as ad quality and customer response to factor into which

When he had ate his fill, and proceeded from the urgent first cup and necessary second to the voluntary third which might be toyed with at leisure, without any particular outcry seeming to suggest he should be on his guard, he leant back, spread the city’s news before him, and, by glances between the items, took a longer survey of the room. Session of the Common Council. Vinegars, Malts, and Spirituous Liquors, Available on Best Terms. Had he been on familiar ground, he would have been able to tell at a glance what particular group of citizens in the great empire of coffee this house aspired to serve: whether it was the place for poetry or gluttony, philosophy or marine insurance, the Indies trade or the meat-porters’ burial club. Ships Landing. Ships Departed. Long Island Estate of Mr De Kyper, with Standing Timber, to be Sold at Auction. But the prints on the yellowed walls were a mixture. Some maps, some satires, some ballads, some bawdy, alongside the inevitable picture of the King: pop-eyed George reigning over a lukewarm graphical gruel, neither one thing nor t’other. Albany Letter, Relating to the Behaviour of the Mohawks. Sermon, Upon the Dedication of the Monument to the Late Revd. Vesey. Leases to be Let: Bouwerij, Out Ward, Environs of Rutgers’ Farm. And the company? River Cargos Landed. Escaped Negro Wench: Reward Offered. – All he could glean was an impression generally businesslike, perhaps intersown with law. Dramatic Rendition of the Classics, to be Performed by the Celebrated Mrs Tomlinson. Poem, ‘Hail Liberty, Sweet Succor of a Briton’s Breast’, Offered by ‘Urbanus’ on the Occasion of His Majesty’s Birthday. Over there there were maps on the table, and a contract a-signing; and a ring of men in merchants’ buff-and-grey quizzing one in advocate’s black-and-bands. But some of the clients had the wind-scoured countenance of mariners, and some were boys joshing one another. Proceedings of the Court of Judicature of the Province of New-York. Poor Law Assessment. Carriage Rates. Principal Goods at Mart, Prices Current. Here he pulled out a printed paper of his own from an inner pocket, and made comparison of certain figures, running his left and right forefingers down the columns together. Telescopes and Spy-Glasses Ground. Regimental Orders. Dinner of the Hungarian Club. Perhaps there were simply too few temples here to coffee, for them to specialise as he was used.

As we’ll discuss in more detail in chapter 6, a platform’s ability to monetize the value of the exchanges it facilitates is directly related to the types of currency exchange it can capture and internalize. A platform that can internalize the flow of money may be well placed to charge a transaction cut—for example, the fee of 10 percent of the sale price typically charged by eBay after a successful auction. A platform that can capture only attention may monetize its business by collecting payments from a third party that considers the attention valuable—for example, an advertiser willing to pay Facebook for “eyeballs” attracted by posts related to a particular topic. The platform’s goal, then, is to bring together producers and consumers and enable them to engage in these three forms of exchange: of information, of goods or services, and of currency. The platform provides an infrastructure that participants plug in to, which provides tools and rules to make exchanges easy and mutually rewarding.

Epicurus is right, that happiness is up at auction all the time, and sold in lots to suit the purchaser whenever he bids high enough. And the price is not exorbitant: prudence to plan for the simple pleasures that can be had for the asking; resolution to cut off the pleasures that come too high; determination to amputate our reflections the instant they develop morbid symptoms, and to take an anti-toxine against fret and worry, the moment we feel the approach of their contagious atmosphere; concentration, to live in a self-chosen present from which profitless regret and unprofitable anxieties, projected from the past or borrowed from the future, are absolutely banished.

Branch Best’s underwear up for auction. Starting price one dollar.

Under the shabby pretext that Japanese Canadians needed protection from their angry neighbours, the government evacuated nineteen thousand men, women, and children to the B.C. interior, auctioning their property for derisory prices. It was an inexcusable act, born out of half a century of racial prejudice. Generals, admirals, and the RCMP protested that there was no military need for the internment

This year companies around the world will spend an estimated $9.33 billion on online display ads at auction, according to Magna Global, a research and media buying unit of Interpublic Group. While auctions have brought pricing efficiency to the business, computerization is happening so quickly that ad agencies are struggling to keep up, says Matt Seiler, chief executive officer of IPG Mediabrands.

If it was to survive, America had to develop a new system of exchange, one that would be impervious to the gamesmanship of gifted individuals. By functioning as an auction house and averaging the bids to arrive at a final price, the Leon Walras Exchange had in one stroke stripped out the volatility, excitement, and emotion of investing, while still offering the potential for businesses to raise capital. It was a step backward to a more archaic age that had taken two painful years to move through the political process.

Brokers could spread their geographical presence through the length and breadth of nation and subsequently reach out customers who otherwise would never have gotten the chance to venture into stock investment. Auction, bidding, negotiation and what not, everything takes place at computer terminals. In the old system of outcry auction calling out the price on the trading floor, everyone would know which broker actually trades. But in the new system anonymity is maintained. You can play with millions of shares with cup of tea in one hand and puff of cigarette on the other. There

Hamburg coffee auction: 1000's of sacks of coffee being sold, of different names & places of origin. They talked of price, analyzed merits of packaging and transport, praised the climate of some years & varying abundance of rainfall in some regions of world but not a single word was said of the men and women from whose hands these coffee beans had originated. no mention of the Tanzanian farmer who had discerned from the leaves the right moment to separate beans from branch. Not a single voice spoke of the Guatemalan peasant woman who, carrying a child on her back, climbed to the realm of the clouds to bring down the fruits that would brighten up the mornings in Europe. Sebastiao Salgado does: restores the epic human sacrifice, the omnipresent dignity of work in the magnificent solemnity of his venture--recounting history of the world in images.

Regardless of who “owned” Gazprom, Vyakhirev controlled it. In the absence of effective law enforcement and with powerful allies in the Kremlin, Vyakhirev and other Gazprom executives bought shares in the company through rigged auctions. They exported gas through intermediaries owned by their relatives, selling gas to shell companies at below-market prices and allowing the company to resell gas at the full price, pocketing the difference. In theory, the company was partially private and partially state-controlled.

As prices are named and hands fly up, I stand and walk slowly down the aisle. Leaving the auction midway is not the usual protocol, but I want everyone to understand that the Pierpont Morgan Library are its librarian are singular. (80)

In the first-price auction, choosing the optimal bid is not trivial. We need to analyze the Bayesian equilibria of this game.

Land prices had collapsed and many large estates been put up for auction.

their own stamps. Then how,” Macgowan’s face darkened, “did Donald come to have this Foochow local?” They were silent for a while as the taxi threaded its way among the pillars of Sixth Avenue. Then Ellery drawled: “By the way, how valuable is the Foochow?” “Valuable?” Macgowan repeated absently. “That depends. In all cases of rarities the price is a variable consideration, depending upon how much it has brought at its last sale. The famous British Guiana of 1856—the one-cent magenta listed by Scott’s as Number 13—which is in the possession of the Arthur Hind estate is worth $32,500.00, as I remember it—I may be wrong in my recollection, but it cost Hind that or somewhere around that. It’s catalogued at $50,000.00, which means nothing. It’s worth $32,500.00 because that’s approximately what Hind paid for it at the Ferrary auction in Paris. … This Foochow set me back a cool ten thousand.” “Ten thousand dollars!” Ellery whistled. “But you’d no idea what it had brought previously, since it’s not been generally known before. So how could you—” “That’s the figure Varjian set, and stuck to, and that’s the amount I made out my check for. It’s worth the money, although it’s a pretty stiff price. Since, as far as I know, it’s the only one of its kind in existence—and especially considering the peculiar nature of the error—I could probably turn it over for a profit today if I put it up at auction.” “Then you weren’t victimized, at any rate,” murmured Ellery. “Kirk didn’t try to soak you, if that’s any consolation. … Here we are.” As they were removing their coats in the foyer of the Kirk suite, they heard Donald Kirk’s voice from the salon.

The gas price is determined by the market and effectively creates an auction for inclusion in the next Ethereum block.

This unstated coordination gave the producers of electricity what economists call market power, which means the ability to set prices higher than a competitive market would allow. Within less than a hundred rounds of bidding, Talukdar’s experimental auctions resembled not so much a competitive market as a cartel, in which many sellers obtain monopoly power by coordinating their actions to artifically inflate prices. That is what OPEC, the Organization of Petroleum Exporting Countries, does openly when members collude on setting the price of oil by limiting production.

Because these auctions were so bizarre and hard to analyze, few people participated—least of all Westerners. This resulted in an acute lack of demand, which meant that the prices were remarkably low, even by Russian standards.

There isn't anyone in the business," he went on, "who hasn't been accused of selling a forged piece, by accident or design, over the years. And then there's the current brouhaha in the auction houses, with the government charging sellers with rigging the bids to knock up the prices. On the surface, gentlemen, it's a world of exquisite beauty and refinement. But it's every bit as filthy and cutthroat as any other commercial enterprise, as soon as you get beneath the top layer of gouache

The effect of the cotton gin was exponential. It enabled greater production and simultaneously increased the need for slaves. When the legal African slave trade expired in 1808, the price of slaves already in the United States went up, making the interstate trafficking of slaves much more profitable. In 1790 “a thousand tons of cotton were being produced every year in the South. By 1860, it was a million tons. In the same period, 500,000 slaves grew to 4 million.”35 The increased demand for slaves pushed up their price. Prices varied depending on the location, age, sex, and condition of slaves, but they always went up. In 1835 an unskilled male field hand could be purchased for about $450. But by the 1850s, a field hand, especially a strong healthy one, could fetch up to $1600 at auction.

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The need for faster communications was just as great as Europe’s, however, and cheaper variations were used. In the 1830s a man, every business day, would climb to the top of the dome of the Merchant’s Exchange on Wall Street, where the New York Stock and Exchange Board then held its auctions. There he would signal the opening prices to a man in Jersey City, across the Hudson. That man would signal them in turn to a man at the next steeple or hill, and the prices could reach Philadelphia in about thirty minutes. It was clumsy at best (and, of course, didn’t work at all in bad weather).

Put a price limit on any good, and chances are that increased demand will eventually make it scarce—dollars are no exception. The government’s dollar auctions are met with insatiable demand. Think of the free-for-all one sees on television when aid workers deliver food to a starved African community. People run over themselves for a share of what’s being given. The fast-rising price of the dollar in the black market is an indication of this madness.

Encapsulation is almost always a good thing to do, but sometimes information can be hidden in the wrong place. This makes the code difficult to understand, to integrate, or to build behavior from by composing objects. The best defense is to be clear about the difference between the two concepts when discussing a design. For example, we might say: • “Encapsulate the data structure for the cache in the CachingAuctionLoader class.” • “Encapsulate the name of the application’s log file in the PricingPolicy class.” These sound reasonable until we recast them in terms of information hiding: • “Hide the data structure used for the cache in the CachingAuctionLoader class.” • “Hide the name of the application’s log file in the PricingPolicy class.” Context independence tells us that we have no business hiding details of the log file in the PricingPolicy class—they’re concepts from different levels in the “Russian doll” structure of nested domains. If the log file name is necessary, it should be packaged up and passed in from a level that understands external configuration.

In the decades that followed, a succession of schools—Impressionism, Post-Impression, Fauvism, Expressionism, Cubism, Surrealism—developed theories as far removed from Manet as Manet had been from Alberti. The idea of the artist as a Bohemian outsider came out of this revolution, as did the contempt that artists would develop for the public, an obsession with self-expression and iconoclasm, and the rejection of classical standards of beauty as an objective of art. Abstraction is a meta-invention that has much to answer for. But in its first flush and at its best, it produced works from 1850 to our cutoff point of 1950 that have so far survived the test of time as judged by the opinions of experts, prices in the auction room, and popularity in the museums. The

of exchange, one that would be impervious to the gamesmanship of gifted individuals. By functioning as an auction house and averaging the bids to arrive at a final price,

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