The auction house Christie’s used to acquire their items by what they refer to as the “three D’s” which stands for “death, divorce, and debt”. Christie’s generates 64,000,000,000 ($64 billion) each year. Creating the illusion of a bid in the room by an auctioneer to ensure a reserve price is met is perfectly legal and is often done so that Christie’s turns a profit because they are solely commission based and without a sale, Christie’s actually loses money when factoring in storage, transport, a...
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