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Recruiter's Glossary

Examples: Payment Terms • Condition Report • Consignment Agreement

Auction Houses Terms

Understanding these terms will help you better evaluate candidates and communicate with hiring managers

Auction Results

Ring Bidding

Property Receipt

Chandelier Bidding

Photography Services

Storage Fees

Settlement Period

Paddle Number

Authentication Services

Marketing Campaign

Estimate Range

Bidder Registration

Condition Grading

Market Analysis

Absentee Bid

Knockout Bid

Hammer Price

Reserve Price

Lot Description

Consignment Agreement

After-Sale Offers

Price Realized

Live Auction

Opening Bid

Fair Warning

Seller's Commission

Catalog Production

Unsold Lots

Shipping Arrangements

Bidding Increment

Catalog Description

Insurance Coverage

Viewing Appointment

Private Treaty Sale

Payment Terms

Auction Block

Timed Auction

Silent Auction

Provenance Research

Specialist Valuation

Telephone Bid

Preview Period

Lot Number

Sales Agreement

Buyer's Premium

Withdrawal Fee

Sale Registration

Auction Schedule

Online Bidding

Condition Report

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