What is a Sealed Bid Auction: In this type of auction all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted. If two bids with same value are placed for auction the one which was placed first wins the auction.

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/ 53 x 61 inches / 134.62 x 154.94 cm / id 555 / acrylic on canvas/ .75 wood frame.

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