What does SD mean in auctions?
What does SD mean in auctions?
Sale Number: A unique number assigned to every auction to distinguish the sale from past and upcoming auctions. The sale number generally appears in every catalogue, both online and print.
What is hammer price at auction?
The winning bid for
Hammer Price The winning bid for a lot at auction. It is the price upon which the auctioneer’s hammer falls, determining the sale price, but does not include the buyer’s premium.
What is a state auction?
A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority.
Is eBid Net Safe?
eBid has a consumer rating of 2.4 stars from 158 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about eBid most frequently mention lifetime membership, customer service and credit card problems. eBid ranks 98th among Auction sites.
What does Pb mean in auction?
A fee payable to the auction firm for which the buyer is responsible. This Buyer’s Premium, or BP, will be added to the successful bid price of all purchases and is not included in the hammer price of each lot.
What does Amended mean in an auction?
Amended Bid the maximum amount proposed by Buyer in the course of the proceedings under the Sale Procedure, after the date of filing of the Bid.
What is Christie’s commission?
At Christie’s, where buyer’s premiums are graded across three tiers, the new fee for works sold in the top tier (above $4 million in New York and above £3 million in London) will now be 13.5 percent of the hammer price, up from 12.5 percent. At Sotheby’s, the fee is 12.9 percent.
What is 10 buyer’s premium at an auction?
The buyer’s premium is an auctioneer’s fee added to the buyer’s winning bid. It does not go to the seller. If an auction has a 10 percent buyer’s premium and you win an item, you will owe the bid price of the item plus 10 percent. Historically, auctioneers collected their fee from the seller only.
