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Italian Auction

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Uploaded by on Apr 29, 2011

A Chinese Ming vase is up for auction. The bidding opens at a half-million
Euros. Bidding is brisk and each bidder is clearly identified as each raises
the bid by 100,000 Euros. Within seconds, the bid stalls at one million
Euros, and the gasp from the crowd identifies the excitement that prevails
in the room. The successful bidder is the last one who bid one million, and
the auctioneer counts down the bid, "Going once, going twice, and sold to
the gentleman sitting in front of me for one million Euros." The auctioneer is exuberant. The pace is fast. The conclusion? Priceless.

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