Auctioneers often take absentee bids or allow bidders to bid online where they are privy to the bidder’s maximum bid. Our question today...

Song Dynasty. One such example came up for auction in London, England and Dr. Yao planned to attend and bid. The day of the auction, Dr....

She sees one “offered” by an auctioneer in an online-only auction. She puts in her bid of $500. As Susan places her bid, she wonders …...