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1. www.invaluable.com › blog › invaluable-auction-glossaryThe Complete Glossary of Auction Terms You Should Know

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   Aug 22, 2016 · Need an auction vocab primer or refresher? Fear not. Here's the glossary to have on hand as you begin your bidding and winning journey.

2. www.bidtenderauctions.com › tips-and-tricks › blogGlossary of Auction Terms — BidTender Auctions

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   Nov 2, 2021 · Definitions and explanations of the most common terms and practices you'll encounter in online auctions and live auction events. Whether you're looking to bid on commercial equipment, restaurants or kitchen supplies, business liquidations, government surplus, or anything else.

   • Location: 13135 Lee Jackson Memorial Hwy, Suite 115-C Fairfax, VA, 22033 United States
   • Email: mark@BidTenderAuctions.com

   • Phone: (703) 261-9902

3. www.networkauctions.co.uk › 2024 › 01Auction Terminology 101: A glossary - Network Auctions

   www.networkauctions.co.uk › 2024 › 01

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   Jan 10, 2024 · An auction catalogue is a comprehensive document or digital listing prepared by the auctioneer, containing detailed information about the properties available for auction. It typically includes descriptions, photographs, floorplans, provenance, condition reports, estimated prices, the auction’s terms and conditions, and sometimes video tours.

4. anthemionauction.com › glossary-of-auction-termsGlossary of Auction Terms - Anthemion Auctions

   anthemionauction.com › glossary-of-auction-terms

   Glossary of Auction Terms. Please find below a list of terms frequently used in the auction world. A method of bidding for those who cannot or do not wish to attend an auction. Absentee bids are also called “written,” “commission” or “order” bids and may be placed by filling out and submitting an Absentee Bid Form.

5. www.eddisons.com › news › glossary-of-common-auctionGlossary of common auction terms - Eddisons

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   In this article you'll find a glossary of some commonly used terms when buying or selling assets at auction, along with their definitions.

   • Location: Eddisons, Leeds, LS1 4AP

   • Email: info@eddisons.com

6. contemporarylynx.co.uk › the-abcs-of-auction-termThe ABC's of Auction: Terms and Words You Must Know

   contemporarylynx.co.uk › the-abcs-of-auction-term

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   Sep 14, 2019 · Would you like to start buying art during art auction but are terrified by the mass of unknown terms? We have prepared and collected for you the most important terms / words that you can meet at the auctions happening in the auction house, as well as, online auctions.

7. People also ask

   What are some common terms when buying or selling assets at auction?

   • In this article you'll find a glossary of some commonly used terms when buying or selling assets at auction, along with their definitions. AS IS/ AS FOUND/ AS SEEN/ ALL FAULTS / AF This is a declaration that the asset will be sold as it appears, including any faults or imperfections BULK LOTS These are auction lots that contain multiple items.

   Glossary of common auction terms - Eddisons

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   What is an auction contract?

   • A contract between the auction house and the vendor which lays out the terms under which the auction house will sell the vendor’s items. The amount a prospective buyer signals the auctioneer he/she would pay to buy the lot during bidding. Bids can be from people in the room, online, on the phone or through Absentee bid forms.

   Glossary of Auction Terms - Anthemion Auctions

   anthemionauction.com/glossary-of-auction-terms/

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   What is an auction catalog?

   • Catalog: Also referred to as the Auction Bill, this is a list of all the items in the auction, and is subject to change. It also can contain the Terms and Conditions, or other pertinent details on the auction.

   Glossary of Auction Terms — BidTender Auctions

   www.bidtenderauctions.com/tips-and-tricks/blog-post-3-glossary-of-terms-youll-hear-at-an-auction

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   What are auction premiums?

   • It’s usually a percentage, that’s added onto the winning bids to help recoup some of the expenses an auctioneer incurs. The premiums vary, so familiarize yourself with it when you read the Terms and Conditions. Seller’s Commission: This is the fee the auctioneer charges the seller.

   Glossary of Auction Terms — BidTender Auctions

   www.bidtenderauctions.com/tips-and-tricks/blog-post-3-glossary-of-terms-youll-hear-at-an-auction

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   What does a sale at auction mean?

   • A term frequently used by appraisers referring to their judgment and opinion about an object’s likely sale price if offered by a willing seller to a willing buyer. Since the auction process is open to all bidders, a sale at auction is considered to be a measure of Fair Market Value.

   Glossary of Auction Terms - Anthemion Auctions

   anthemionauction.com/glossary-of-auction-terms/

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   What does 'as is' mean in an auction?

   • As Is: Usually described As-Is/Where-Is, meaning the auctioneer makes no representations as to the condition, quality, or functionality of an item. It could be missing parts, it could be broke, or it could be in perfect working condition. As with any auction, it is incumbent upon the bidder to perform their due diligence and bid accordingly.

   Glossary of Auction Terms — BidTender Auctions

   www.bidtenderauctions.com/tips-and-tricks/blog-post-3-glossary-of-terms-youll-hear-at-an-auction

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8. www.dakil.com › auction-101 › auction-jargon-decodedAuction Jargon, Decoded: Basic Auction Terminology

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   Whether you’re totally new to auctions or want to brush up on your existing knowledge, here’s a roundup of some of the words and phrases you’re most likely to run into at your first auction. Your first auction can be confusing – make sure you learn the language beforehand!