830,000yuan was obtained from this auction

It was reported that the first batch of official cars of Chenzhou city was handled for public auction in Chenzhou Government Purchasing Center. 15 cars which were out of range and were submitted for dispose were processed for the public auction.10 of them were bid successfully, while rest 5 ones were failed.

It was a very hot auction that 44 bidders competed with each other tensely. One Accord whose first price was for 16,100yuan was finally sold with the price of 44,000yuan, 273.3% of its first price. It became the one with the highest premium. Finally, 10 official cars were bid on site, accounting for 832,500yuan which was 190,720yuan more than expected of 641,780yuan.

Special auction company handled out this auction with the authority of the management center of Chenzhou Administrative Units' Asset. The center collected all the 15 cars' information and opened to the public before the auction. All the cars were past the professional evaluation institutes' evaluation to grant the bidders with qualified products.

It was introduced by Chen Limin- the director of the management center of Chenzhou Administrative Units' Asset that all the auction work of official cars were followed the specified requirements and procedures. The bidder who provided with the highest price would win the car, which was helpful to preserve or increase the value of the disposal cars and maximize the profit of the state-owned property.