[2016-05-30] ToI: Australia to auction over 24k bitcoins worth $11.5 million

[polynesia]

Australia to auction over 24k confiscated bitcoins worth $11.5 million

http://timesofindia.indiatimes.com/tech/tech-news/Australia-to-auction-24518-confiscated-bitcoins-11-5-million/articleshow/52508370.cms

Around $11.49 million worth of confiscated bitcoins will be auctioned in Sydney next month, the first such auction outside the United States, as demand for the digital currency surged to its highest in nearly two years.

The sale will take place on June 20-21 and involve 24,518 coins, said auction organiser financial services group Ernst and Young on Monday.

[bitcoinisfurture]

Woooo 24k + coins to be auctioned that a lot of them. Let's see how cheaper they would be sold than the market price.

[dashingriddler]

Woooo 24k + coins to be auctioned that a lot of them. Let's see how cheaper they would be sold than the market price.

Usually the final price do not get disclosed

[btvGainer]

Woooo 24k + coins to be auctioned that a lot of them. Let's see how cheaper they would be sold than the market price.

They will auction them in a lot of 2000 each.Given the upward trends in bitcoin prices,I dont think it will be sold for much cheaper

[polynesia]

Covered by other media publications as well.

http://www.ndtv.com/world-news/australia-to-sell-bitcoins-confiscated-as-proceeds-of-crime-1413798
http://www.business-standard.com/article/pti-stories/australia-to-sell-bitcoins-confiscated-as-proceeds-of-crime-116053100136_1.html
http://www.livemint.com/Politics/e07nbZuztvhw0X2UBolSpK/Australia-to-auction-115-million-confiscated-bitcoins.html
http://www.thehindu.com/news/australia-to-sell-bitcoins-seized-as-crime-proceeds/article8673685.ece
http://indianexpress.com/article/world/world-news/australia-bitcoins-confiscated-from-online-drug-sales-to-be-auctioned-richard-pollard-silk-road-website-2826720/

[bitcoinisfurture]

What is the date of auction and will auction take place in single day or spread across days?