What was the biggest bargain of the 20th century?
“There are specific ways that good deals come about,” says Michael Craig, author of “The Best (And Worst) Business Deals of All Time.” First, there may be a difference in information between a buyer and a seller. For example, the U.K. Daily Mail reports the case of a crystal jug sold at auction. The auctioneers described the piece as a 19th-century French claret jug and estimated the price at a couple hundred dollars, but a pair of discerning bidders recognized it as an extremely rare Islamic ewer. This difference in information saw the ewer go for 220,000, rather than the 5 million at which it was later appraised [source: U.K. Daily Mail]. That’s a bargain. And imagine the steal if only one bidder, instead of two, had recognized the auct
