Friday, 19 September 2008

Olympics furniture auction given cold shoulder

The Olympics and Paralympics might have left many Chinese with fond memories, but that isn't translating into buying interest at auctions for memorabilia and furniture used during the events.

More than 60,000 pieces of furniture used during the dual Games, as well as souvenirs, got the cold shoulder at an auction on Thursday, according to the Beijing Times.

The newspaper reported on Friday that the auction, the third of its kind, drew only 17 bidders for beds, mattresses, desks and refrigerators. The items were mainly from two media villages -- North Star and Huiyuan -- and were offered in 18 lots.

Four lots comprising 13,000 items only sold after their asking prices were slashed by 10 percent.

The remaining 14 lots, involving more than 50,000 items, went unsold, said the newspaper.

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