"The United University of Refining is the most brilliant place in the entire Cultivation Federation, I didn't expect to be interested in such a small auction. It's hard to come by. After looking at each other, Suo Yu looked at the silver fox.

Among the seven major universities of the Xiuzhen Federation, the Star University was founded by Helian Zuoming, the founder of the rune system, and its attainments in refining weapons are amazing, and the United University of Refining is the only place that can compete with the Star University in terms of refining.

Not only that, but the magic weapon researched by the United University of Refining Weapons has amassed huge wealth through commercialization.

Among the seven majors, the wealth of the United University of Refining Machinery is fully able to rank in the top three.

Star University is not interested in the United University of Refining, among them, the United University of Alchemy is more like a businessman with the smell of copper.

"Then why did even the Divine Cultivation Academy, which was in full swing, come to participate in the auction?" said Silver Fox with interest.

Suo Yu's eyes flashed, and he smiled without saying a word.

"This is Teacher Huaigu, right? The principal said that there is a virtuous Teacher Huaigu in the Federal Xiuzhen Academy, and he has always wanted to meet but couldn't. If Mr. Huaigu is interested, when can I go to the United Nations University for a cup of tea, I believe that the teacher will be interested in many things there. The silver fox ignored Suo Yu and turned his head to look at Huai Gu who was standing beside Suo Yu.

The silver fox's words made Suo Yu's face change slightly, but he didn't expect the silver fox to blatantly dig the foot of the wall.

"Not interested. Huai Gu took a deep look at the silver fox, turned around and walked towards the venue.

Silver Fox was not surprised by Huaigu's refusal, but only smiled faintly.

"If you two have something to say, you might as well go inside and talk about it, the auction is about to start. Yi Piaoling watched from the side from beginning to end, and only when he saw Huaigu leaving, did he speak.

I don't know if it's intentionally arranged, but the seven seats are in the first row of the VIP area, close together.

When they sat down, everyone's thoughts were different, and they all remained silent at the same time.

The person from the Xiuzhen Academy is a big man with a strong breath, and the seat of the Star University is next to the Xiuzhen Academy, Liu Min Zesheng glanced at Yi Piaoling and the others, and then withdrew his gaze.

The person from the Hanging City is a bald man with a resolute face, who is closing his eyes and recuperating at the moment. The person from Yunhai Snow Continent was a woman with a beautiful face, her breath was cold, and she turned a blind eye to several people.

After a few people sat down, for a while, the atmosphere in the VIP area was delicate, and there was a kind of confrontation invisibly. Everyone on the field gave them strange looks. Bringing the seven academies together, everyone didn't understand what the planner of the 'Allure Auction' had in mind.

The auction began quickly, and it was still Vicky who presided over the auction. Vicky can be described as proud, since presiding over this auction, his fame has skyrocketed, and several big auction houses in the Xiuzhen Federation have sent him invitations.

Although he has some fame in Xiuzhen City, he is still unknown in the Xiuzhen Federation, and with the help of these two auctions, he has become the leading auctioneer in the industry.

"At the request of the boss, the auction rules have changed again today. Vicky's calm voice resounded throughout the auction room. For a time, the auction room became noisy.

"There are so many tricks, this Luo Chengcheng is really a talent. Silver Fox smiled lightly when he heard Vicky's words.

The three-day auction has different rules every day, and I have to say that few people in other auction houses dare to do this.

"At the beginning, the New Era Company came back to life in her hands, and there were few such talents, even if they were seven. Yi Piaoling nodded slightly.

After Yi Piaoling said a word, he fell silent again, and everyone's attention returned to Vicky.

"Today we hold the 'Vickery Auction', also known as the Second Price Sealed Auction. The rules are as follows: each bidder submits their own bid to the auctioneer, and the highest bidder receives the magic prize and pays the second highest price of all bids after the highest bid.

There are ten envelopes in your seats, put the quote in the envelope and a service member will come to collect your envelope. ”

"Second, what's the deal with the price-sealed auction, and why does Allure use this auction method?" asked Furry for a rare time.

"I don't know much about this, Brother Piaoling, explain. The silver fox touched his nose and looked at Yi Piaoling.

"The second price sealed auction, also known as the 'Vickery Auction'. This auction method was devised by the famous economist William Vickery, and the rules are the same as those just introduced, the highest bidder gets the item and only has to pay the second highest price.

Here, all bidders should quote their true estimates, and inflating the price may make you win the auction more than you are worth the estimate, and lowering the bid will not save you money, but may put you out.

In actual auctions, for a variety of reasons, some bidders behave irrationally and offer prices much higher than the actual price to get the item.

This will adversely affect other bidders and auctioneers, and the secondary price is often closer to the actual price. Yi Piaoling said lightly.

His words attracted many people's nods in agreement. The people of the Seven Great Ones sat next to them and heard Yi Piaoling's words clearly.

"However, if more than one person quotes an irrational price and the deal is sold, then the winner is the owner of the item. Yi Piaoling raised his eyes and looked at Gu Hao with a mask.

Feeling Yi Piaoling's gaze, Gu Hao raised his head, and the eyes of the two collided in the air. Yi Piaoling nodded lightly, and then staggered.

"Brother Piao Ling is really well-informed, I didn't expect to be so familiar with this aspect. The silver fox took a deep look at Yi Piaoling, and then said: "It seems that this Luo Chengcheng is not only a business genius, but also a ghost. It looks like these positions are all intentionally arranged. They want to add to the irrational factor. ”

In the seats where his eyes swept over, several pairs of men were glaring angrily, their eyes full of hatred. Many of the people who are closest to them are not on the right path, and the so-called enemies are very red when they meet.

"Now this place is like a powder keg, isn't he afraid of accidents?" Suo Yu said with interest. He didn't expect that a small auction would have such interesting knowledge.

"I don't know, maybe they have confidence in their own strength. Yi Piaoling still looked light-hearted, and the corner of his eye would always look at Gu Hao.

After watching the magic weapon movie, the first magic weapon auction officially began.

Two days ago, the next sixteen magic weapons have been auctioned, and only ten of the alphabet series magic weapons have not been auctioned now, and the first one today is 'J'.

At the beginning of the quotation, some people saw their opponent's offer, and immediately quoted and handed the envelope to the service staff.

The people of the Seven Academies were all quietly watching all this. The magic weapon is not their goal this time, so naturally they don't want to participate in the offer.

"It seems that hatred and anger can easily make people irrational, and the fish has taken the bait. The person who planned this auction plan has to say that the means to control people's hearts are just right. Is it really Luo Qingcheng's handiwork?" The silver fox quietly looked at the person below who was angrily quoting, and couldn't help but let out a sigh.

PS: The second price seal auction was designed by William Vickery, the 1996 Nobel laureate in economics, and is therefore also known as the 'Vickery auction'. The rules are generally as described above. (To be continued.) )