Absentee Bid: Bid taken by the auctioneer for a non-attending bidder.
Absolute: Items are being sold without a reserve.
All One Money: Bid amount is total paid for all items in the lot.
Buyer’s Premium: Additional auctioneer commission payable by the buyer.
Catalog: A descriptive list of items being sold.
Choice: Bid price is on any item in the lot; bidder may take one or more items at that price for each.
Hammer Price: Price bid before taxes and/or buyer’s premium.
Lot: An item or items sold at auction.
Reserve: Lowest amount a seller will accept for an item.
Ringman: A person that helps the auctioneer take bids.
Times the Money: Buyer pays Bid amount times the number of items.