China auctions drums used in opening ceremony of Beijing Olympics

Source: Xinhua | 03-09-2009 08:06

BEIJING, March 8 (Xinhua) -- China auctioned 1,000 of the 2,008"Fou" drums which were used in the opening ceremony of Beijing Olympic Games with bidding prices amounting to 52.45 million yuan (about 7.5 million U.S. dollars) on Sunday.

A "Fou" drum was put on display at an auction site in  Beijing on Sunday, March 8, 2009. [Photo: Xinhua]

The auction created records in the history of China's equity exchange market, according to China Beijing Equity Exchange (CBEX)which held the auction. It was the one with the longest duration, the largest number of bidders and bidding rounds.

Altogether 439 units and individuals participated in the bid which lasted for 8 hours.