Every item will be sold to the highest bidder on auction day, regardless of price-without minimum bids or reserve prices
AN apartment in Dublin's Temple Bar was snapped up for 75% more than the reserve price
at property auction yesterday.
For example, the reserve price
set by the Telecom Commission for the 1800 MHz band in Delhi is, on average, 70 per cent higher than the reserve prices
of the same band in most European auctions in the last three years 1.
THE Telecom Commission on Wednesday recommended raising the reserve price
for mobile phone spectrum auctions by 15 per cent above than suggested by TRAI in the pan- India 1800 megahertz band, and 25 per cent higher in the prime 900 megahertz band for lucrative circles like Delhi and Mumbai.
And what the DVLA fails to mention is that the plates in the picture have reserve prices
way in excess of the pounds 250 mentioned.
Later this month, the Driver & Vehicle Licensing Agency (DVLA) is bringing its highly-popular ``Classic Collection'' auction to Crewe Hall in Cheshire - and the highest reserve price
is currently pounds 3,500 for the registration mark 1 RDF.
We have reduced the reserve prices
to make the auction successful," Trai chairman Rahul Khullar said.
For the full list of numbers being offered for sale and their reserve prices
, log on to www.
BOOKMAKERS using the National Joint Pitch Council auction system are being urged to adopt more realistic reserve prices
after nearly 60 per cent of the 305 lots in last week's sale at Uttoxeter failed to sell from the rostrum, writes Howard Wright.
The remainder of the properties are competitively priced with reserve prices
of up to 50 percent off suggested list prices.
auction are sold by the unreserved auction method, meaning the items sell to the highest bidder on auction day -- with no minimum or reserve prices
The spectrum auction in November had fetched the exchequer just ` 9,407 crore as against the government expectations of around ` 28,000 crore as companies had stayed away due to the high reserve prices