The winner’s curse: "The winner of an auction tends to be one of those who form the highest estimate of an item’s value — and hence one of those most at risk of overpaying."
Why auction winners are losers
- COMMENTS
- auctions
What it's like at America's school for auctioneers
Live auctioneers are literally fast talkers but the skill is much more nuanced than just speed speaking. You want to build excitement and keep the bidders engaged without putting them… READ THE REST
2001: A Space Odyssey original space suit is up for auction
Place a higher bid, Dave. This "nearly complete" spacesuit from Stanley Kubrick's seminal space opera 2001: A Space Odyssey is currently up for auction. Starting bid is $50,000 and it's… READ THE REST
Original 1985 Air Jordans worn in a game by Michael Jordan and signed, up for auction
An original 1985 pair of Air Jordan 1s, custom made for Michael Jordan, worn in a game, and signed, are now up for auction at Christie's. The sneakers were estimated… READ THE REST
Short Post, just one paragraph
Dessert cheesecake wafer bear claw fruitcake. Fruitcake chupa chups donut candy canes marzipan. Apple pie sweet roll tart chocolate cake macaroon marshmallow carrot cake gummi bears sweet. Pastry sugar plum… READ THE REST
Save 50% on a 1-year subscription to Dashlane's premium password manager
We all know vital information about ourselves and our private digital accounts can be compromised by cybercriminals. However, many would be frightened to know just how compromised they and their… READ THE REST
The Bite Helper removes the itch of a mosquito bite in seconds
While mosquitoes have certainly earned their title as the deadliest animal on earth, their impact on most of our lives is usually a lot less consequential. But even though they… READ THE REST