Good Landlord of the Tang Dynasty.

Summary

The auction conducted by Zhang Chao featured tea bricks, with 500 boxes totaling 8,000 bricks. Bidding began at 5,000 coins per piece, dropping to 4,000 before sales commenced. The auction utilized both reverse bidding and competitive bidding models, leading to varied final prices. Merchants successfully acquired tea at prices ranging from 3,900 to 7,000 coins. After tea sales, horses were auctioned using a similar bidding strategy. Questions arose regarding promissory notes for unsold goods, with solutions involving future transactions and negotiations with other merchants. Zhang Chao's model effectively facilitated trade while ensuring fair pricing and quick sales.

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