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  2. Auction glossary

Auction glossary

A

  • 'Adjudication'
  • 'Attributed to'
  • Auctioneer, Commissioner of Justice

B

  • Bid
  • Bid increments
  • Buyer's premium or Auction fees
  • Irresponsible bid
  • Simultaneous bidding

E

  • Estimate
  • Expert or Specialist

H

  • Hammer price

I

  • Invoice

J

  • Judicial sales

L

  • Live Auction
  • Lot

R

  • Reserve price
  • Results of the sales

S

  • 'School of'
  • Seller's commission or Selling expenses

T

  • Terms and conditions of sale

V

  • Voluntary sales

W

  • 'Workshop of'

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