This is identical to the sealed first-price auction except that the winning bidder pays the second highest bid rather than their own.

这种拍卖方式与首价密封拍卖基本相同，区别仅在于胜出者需要支付的价格是第二高的报价，而不是他自己的报价。

youdao

It was the second-highest price ever paid for a Warhol at auction, exceeded only by “Green Car Crash”, which sold in May 2007 to Philippe Niarchos for $71.7m.

这是自沃霍尔的作品被拍卖以来的第二高价格，最高价则是其作品“绿色的车祸”，该画于2007年5月以七千一百五十万美元的价格被Philippe Niarchos收藏。

youdao

The five-foot-high painting sold for $106.5m, the second $100m-plus price achieved for a work of art at auction this year (see article).(Alberto

这幅5英尺高的画像以1.065亿美元的天价售出，是今年在拍卖行卖出的第二件售价高于1亿美元的艺术品（见上图）。

youdao

In fact, virtually every member of this conspiracy comes away a winner because the profits at the second auction (that is, the difference between the price paid at second auction minus the price paid by the Designated Bidder at the public auction) is frequently divided among the conspirators.

FORBES: Real Estate Auction Bid-Rigging Rings Busted

It was the second time the site was up for auction after United Utilities tried to sell it last year but the reserve price was not met.

BBC: Clayton-le-Moors reservoir