This time, the starting bid was not fully related to money. Instead, it was a valuation. This implied that those placing bids would not necessarily need to have the cash.
Instead, it could be property or any other item of the same value as the bid. Of course, if one wanted to make payment using a property, they would need the property to be evaluated by the professionals.
The valuation did not need to be done before the auction. Instead, it could be done after the auction. But of course, those that dared to try and cheat this auction house, had faced brutal consequences.
Therefore, for most of the VVIP guests here, they had experts evaluate their properties first, before coming over. In that way, they would avoid a situation where there would be a difference in the price that they bid, and the actual value of their property.
