This new auction by Ernst & Young will undoubtedly attract a lot of attention as well. A total of 25,518 Bitcoin is up for sale, divided into different lots. Bidding is open for a 48-hour period, and the auction started at 12:01 AM AEST. Given the current Bitcoin price trend, it is likely the winner of these lots will pay a premium price.
http://fintechist.com/ernst-young-bitcoin-auction-underway/The Government of Australia seems to have got its timing right. A nice run up in Bitcoin's price and increasing interest from investors will result in a neat profit for the government.
