TERMS USED
AUCTIONEER:
Person who invites the bidding at certain increments, call the final price
and knocks down the item on the block.
FLOOR STAFF
Person who stands in front and helps the auctioneer take bids, deliver items
to the bidder and brings more items to the block.
TICKET CLERK
Person who writes down all auctioned items, the final bidders' number and the
bid, so the auctioneer will have a record and you'll have a receipt. Many
auctioneers tape their auctions so if there is any problem they can run back the
tape and listen to it.
REGISTRATION/CASHIER CLERK
Person who registers your name and gives you a bidder number, adds up your
bill, and gives you a receipt after you pay.
CHOICE IN LOT OR CERTAIN DOLLAR AMOUNT FOR ONE THAN ONE ITEM IN A LOT
Bidding on one item in a group, high bidder can take any item, each at bid
price.
eg. - 5 pieces of jewelry - highest bidder may select one or as many as they wish for that price.
- 2 wingback chairs - these will be sold together and priced at 2 times the money.
ABSENTEE BID
Bid in writing executed by auction personnel, from absentee bidder.
RESERVE
Price wanted at auction by the owner. We only allow 3 reserved prices for each consignor.
CONSIGNMENT
Personal property.
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