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Recruiter's Glossary

Examples: Withdrawal Fee • Price Realized • Marketing Campaign

Auction Houses Terms

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

Estimate Range

Sale Registration

Absentee Bid

Lot Description

Bidder Registration

Consignment Agreement

After-Sale Offers

Settlement Period

Ring Bidding

Price Realized

Authentication Services

Lot Number

Preview Period

Marketing Campaign

Catalog Description

Knockout Bid

Specialist Valuation

Condition Report

Seller's Commission

Withdrawal Fee

Auction Results

Shipping Arrangements

Viewing Appointment

Chandelier Bidding

Bidding Increment

Paddle Number

Insurance Coverage

Silent Auction

Provenance Research

Online Bidding

Payment Terms

Live Auction

Market Analysis

Unsold Lots

Storage Fees

Fair Warning

Reserve Price

Photography Services

Telephone Bid

Opening Bid

Private Treaty Sale

Property Receipt

Buyer's Premium

Sales Agreement

Catalog Production

Condition Grading

Auction Block

Timed Auction

Hammer Price

Auction Schedule

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