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'Sun Drop' diamond fetches record $10.9 million at

'Sun Drop' diamond fetches record $10.9 million at

Assessment

Interactive Video

Business, Journalism, Other

9th - 10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video tutorial covers an auction process, starting with an introduction to the auction and initial bids. It then details the bidding process, including increments and strategies. The tutorial concludes with the final bids and the closing of the auction, highlighting the winning bid and the final price of the Sun Drop diamond.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the starting bid for the Sun Drop diamond?

$1,500,000

$1,000,000

$2,000,000

$500,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the highest bid reached during the auction?

11 million francs

10 million francs

9 million francs

8 million francs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How was the bidding conducted for the Sun Drop diamond?

Both in-person and telephone

Only online

Only through agents

Only in-person

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the final bid amount for the Sun Drop diamond?

10 million francs

10.5 million francs

9.5 million francs

9 million francs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What other items were mentioned towards the end of the auction?

Antiques

Jewelry

Paintings

Furniture

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