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Noncompetitive bidding is restricted to purchases of $5 million per auction. Gaikindo projected automotive gross sales in Indonesia to remain at 1.1 million items in 2019. All of its auctions are carried out on-line and are available to be bid on 24 hours a day. The difference in worth between the 2 auctions might then be split among the members. Auction house – the corporate working the auction (i.e., establishing the date and time of the auction, the auction guidelines, figuring out which merchandise(s) are to be included in the auction, registering bidders, taking funds, and delivering the goods to the profitable bidders).

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