Warlow v Harrison (1859) is an English contract law case that talks about the liability of an auctioneer when he fails to sell the auctioned property to the highest bona fide bidder in an auction without reserve. The defendant, an auctioneer, offered a horse for sale at a public auction with no reserve. The plaintiff attended the auction and placed a bid of 60 guineas. The horse’s owner placed a bid of 61 guineas. The plaintiff declined to make any further bids, and the defendant (who appears to have been unaware that the bidder was the owner) put down the hammer to sell the horse to the owner for 61 guineas. The plaintiff asserted that the horse belonged to him because he was the highest bona fide (true) bidder at an unreserved auction. The plaintiff claimed in his pleadings that the defendant served as his agent to carry out this contract.
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History of Auctioneering
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The most expensive suit (clothing) sold at auction is Rs. (Rupees) 43,131,311 (£448,944; $693,174) and was bought by Laljibhai Tulsibai Patel (India), in Surat, Gujarat, India, on 20 February 2015.
- The suit was worn by the Indian Prime Minister Narendra Damodardas Modi.
- The proceeds from this auction went to the Namami Gange Fund, a project to clean the Ganges river.
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Sold for £640 (US$939.84), the world’s most expensive Post-It® Note features a pastel and charcoal work called After Rembrandt by artist RB Kitaj. To celebrate the 20th anniversary of the Post-it® Note, celebrity artists were asked to create miniature masterpieces on Post-it® Notes that were then auctioned online 13-20 December 2000 raising over £5,000 ($7,300) for charity.
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Sold for £640 (US$939.84), the world’s most expensive Post-It® Note features a pastel and charcoal work called After Rembrandt by artist RB Kitaj. To celebrate the 20th anniversary of the Post-it® Note, celebrity artists were asked to create miniature masterpieces on Post-it® Notes that were then auctioned online 13-20 December 2000 raising over £5,000 ($7,300) for charity.
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The most valuable chocolate bar in the world is a 100-year old Cadbury’s chocolate bar which went on Captain Robert Scott’s first Discovery expedition (1901-1904) to the Antarctic. The bar, which is 10 cm (4 in) long, wrapped and uneaten in a cigarette tin, was bought for £470 ($687) by an anonymous buyer at Christie’s, London, UK on 25 September 2001.
The bar was made at Cadbury’s Bournville factory in Birmingham and was part of 1,587 kg (3,500 lb) of cocoa and chocolate Scott took on the trip.
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The most expensive videogame sold at an online auction is a sealed copy of Super Mario 64, which sold for $1,560,000 (£1,121,490 / €1,313,080) at an online auction hosted by Heritage Auctions (USA), on 11 July 2021.
The fee broke a record set just days earlier when a sealed copy of The Legend of Zelda sold for $870,000 (£627,744 / €733,910) in an online auction also hosted by Heritage Auctions.
The 1996 Nintendo 64 cartridge was given a 9.8 A++ rating by video game collectable firm Wata.
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The most expensive bottle of water sold at auction was for $774,000 pesos, $60,000 US (£39,357) at an auction organised by Plan3t Foundation A.C. at La Hacienda de los Morales, Mexico City, Mexico on, 4 March 2010. The glass bottle is covered in 24-karat gold and is based on artwork by the late Italian artist Amedeo Clemente Modigliani. The funds raised from the auction were donated to the foundation to battle global warming.
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The most expensive tuna fish sold at an auction is a bluefin tuna sold at a price of 333,600,000 Yen ($3,082,610; £2,431,410) to Sushizanmai of Kiyomura Corporation (Japan) at the annual first fish auction of the year at Toyosu Market in Koto, Tokyo, Japan, on 5 January 2019. It was caught in Oma, Aomori, Japan, and it weighed 278 kg (612 lb 14.24 oz).
It was the first “first market auction of the year” celebration at Toyosu Market. CEO of Kiyomura served the tuna after the action. Though the tuna was the most expensive tuna fish, the price for one piece of sushi was set to the regular price.
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The record total for any camera auction is £;296,043 ($535,690) for a collection of `spy’, subminiature and detective cameras sold at Christie’s, London, UK on 9 December 1991.
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The most money anyone has paid for a fortune cookie is £10,000 ($17,473) at an auction at the Chinese New Year Gala Dinner in aid of Kids at the Banqueting House, Whitehall, London, United Kingdom, on 8 February 2006.
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