Auctions can maximize more than just money
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New Delhi, Oct. 14 -- It was 2:15am at Stanford University in California, US. An elderly figure was caught on security cameras walking over to a neighbour's house, closely followed by a woman. The man rang the door bell and knocked on the door several times, before saying: "You've won the Nobel Prize. And so they're trying to reach you, but they cannot. They don't seem to have a number for you." The response seemed to suggest disbelief. "Yeah, I have? Wow!" In the old days, before video clips attained virality, such original footage could have been auctioned. But the concept of scarcity has changed, so have auctions, and few can explain why and how better than the two men involved in the exchange. The man seen knocking was Robert Wilson, ...
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