Sunday, September 02, 2007

Auctions, with twists in the tail



Sothebys, the auction major, was in town. This time around it was auctioning things other than art objects. Among others, there would be fiction and non-fiction books as well. Wafers, the young CA, loved books more than she loved movies and the myriad things that women of her age desired. She decided to go for the auction but was not sure how to bid. And so she called on the encyclopaedic China to gather some inputs.
“The strategy would depend on what kind of auction Sotheby is making,” said China. “Now what would that mean?” asked Wafers, clearly stumped. “After all, an auction is an auction. The highest bidder takes home the product.”

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