Auction theory trailblazers win Nobel prize for economics

Oh please auctions have been going on for centuries - it has always been a game - bids always start lower than the value in order to find that person to break the silence and 'get on with it', Sometimes that person will bid to more or less the correct value just to stop wasting time every one knows the current market value of the item, professional bidders don't have the time to play. So they got a Nobel prize for this, oh please just stop wasting every ones time and just say its political. They are from the U.S. end of.