Core Viewpoint - The recent auction of a seaside property in Rushan, which started at a low price of 1,111 yuan and ended up selling for around 80,000 yuan, has raised concerns about the auction process and potential manipulation by auction platforms [3][4][9]. Group 1: Auction Process and Buyer Experience - A buyer reported that the auction process felt designed to create urgency and competition, leading to impulsive bidding without adequate consideration [3][4]. - The buyer's husband participated in the auction without prior knowledge of the property, using a face-scan payment method that allowed for a large transaction without entering a password [9]. - The auction's competitive nature led to a rapid increase in the final bid, with the buyer realizing the high price only after intense bidding [9][11]. Group 2: Market Context and Property Details - The property auctioned is part of a larger trend where many properties in Rushan are listed at low starting prices, often attracting buyers with the hope of "stealing" a deal [11][13]. - The average price for second-hand properties in the Silver Beach resort area is approximately 2,800 yuan per square meter, indicating a significant markup from the auction price [13][14]. Group 3: Legal and Regulatory Insights - Legal experts have noted that while online auction platforms have increased transparency and efficiency, there are concerns about insufficient information disclosure and the potential for price manipulation [15][16]. - The total number of properties auctioned online in China from January to October this year reached 605,000, with a total transaction value of 204.87 billion yuan, highlighting the growing trend of online property auctions [16].