A necessity for a successful auction would be to have the maximum amount of information available to each bidder.
The financial markets' surge came after a successful auction of Treasury securities in the afternoon.
In the Treasury securities market last week, two successful auctions were completed.
For the second consecutive day, the Treasury held a successful auction that did not give the market a lift.
The initial reaction to the Treasury's successful auction of $11 billion in five-year notes was positive.
The Treasury held another successful auction, which did not lift the market.
But the successful auction also had a negative tinge to it.
The first successful auction was held in 25 December 2011.
Even the imperial family has become the subject of a highly popular and successful auction of its own.
Britain, which has the region's most successful auction houses, favored liberalization of the art market.