IBID-Serasi Auction House successfully held the first grand auction in Indonesia which was held on 8-9 October 2016 at Senayan’s East Parking Area, Jakarta. The event was opened by the President Director of IBID, Mr. Yudas Tadeus, accompanied by the Directors of IBID, Mr. Daddy Doxa and Mr. Yoshiro Goto, and also the Head of Directorate General of the Country’s Wealth of DKI Jakarta.  With the theme of “Auction Party,” this grand auction was the first large scale event organized by IBID. In the event, not only cars were auctioned but also motorcycles, gadgets, and heavy equipments with a total of more than 400 units. In addition to being a place for customers to meet and participate in an auction that is on a bigger scale than usual, this Auction Party was also designed to introduce what auction is to the public. Through this event the public could see how the auction takes place and understand the procedures to enter an auction.