Wang Yan raised his hand to check the time. It was 10:08 am, and there were only 52 minutes left until the auction ended.
During the one and a half month auction period, nobody had registered or bidden. When there were only 52 minutes left, a bidder suddenly appeared.
Interesting!
Wang Yan was sure that if he did not participate in the auction, the two-story office buildings would fail for the second time, or even the third time, just like the numerous high-priced assets before.
If the auction failed for the third time, the court would take it back. The auction could only be resumed after half a year.
Naturally, the prices would get lower and lower each time.
It was a very simple way to achieve dynamic balance of high-priced assets under a market mechanism - only when someone felt that it was worth it, the asset would be sold.