auction terms

Welcome to the exciting world of auctions! Whether you’re a seasoned bidder or a newcomer to the auction house, understanding the lingo is key to navigating the fast-paced environment of buying and selling. Here’s your comprehensive A-Z guide to make the most out of your auction experience. A is for Appraisal - Before you bid, know the value. An appraisal gives you an estimate of an item’s worth. B is for Bid - The offer you make to buy an item