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How to rapidly redact Lot # item description quantity condition minimum bid - Western online
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Minimum Bid Price means the lower of such price per denominated in an Accepted Digital Currency equivalent of (a) the Current Clearing Price or (b) the Starting Bid Price calculated based on the Applicable Exchange Rate. Minimum Bid Price has the meaning assigned to such term in Section 4(c).
How do lot auctions work?
Land Auction Site Live In-Person Auction Bidders attend the auction at the predetermined location and time. As the auctioneer cries the sale, buyers place their bids by holding up their hand or a card for the auctioneer or bidder assistants to see. Buyers compete until the highest winning bid is placed.
What does it mean when a lot is passed at an auction?
Bought-In (a.k.a. Passed) If there are no bids on a lot, or if bidding does not reach the lowest possible selling price, the lot in bought in, meaning it is unsold and remains the property of the owner.
What does lot mean in an auction?
Lot: An item or set of items for sale in an auction, lots are normally denoted by a lot number.
What is a single lot auction?
Auction lot An auction lot is a single item or group of items that is sold as a unit. Auction with reserve While items sold absolute go the to the highest bidder, regardless of price, reserve auctions must meet a certain price set by the seller prior to being sold.
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Why would a lot be withdrawn from auction?
Art advisor Susannah Pollen listed the most common legal reasons for a withdrawal as being concerns over authenticity; ownership disputes (typically within families, e.g., during divorce proceedings or if any other third party has any financial stake in the work); claims of stolen property (such as the withdrawal of
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Item Description. Quantity. Units. Unit Cost. Estimated. Amount. Contingency. %. Contingency. Amount ($). Total Cost. Yr 1. Yr 2. Yr 3 .. Yr t. Subtotal: $0.
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