Words Used In Houston Antique Auctions
by Helga Stokes
Just like every other activity, Houston antique auctions have specific terms that are used in the process. All words and phrases must be known to the bidder so as not to create any sort of confusion. This article will take a person through all terms used during a bidding process. This way, an individual will be able to know what is happening in case he participates in an auction.
It is normally essential for a person to understand what transpires in an online auction. This is usually a sale that requires bidding strictly though the internet. Such are facilitated by specific sites that are designed for such purpose. The auction can be of various formats. These are the silent or live auction. In the silent process, the items are displayed with a list alongside them where people can write their bids.
Contrary to online bidding, traditional auctioning process normally takes place offline. In this event, the items to be placed on bid are displayed and one man controls the entire session. The good thing about this auction is that one is able to see whoever he is competing with and that makes it quite easier for him to place a bid. At the end of it all, when no bids are made, the item is sold to the highest bidder.
Another very essential term used in an auction is the reserve price. This is normally the fee below which the commodity will not be sold. For this reason, even when there is a higher bidder and the price offered does not exceed the reserve value, the item will not be sold. It is therefore important that this term is known before any auction can begin.
Today, basically anything can be collectible. Therefore, when this word is used in an auction, it only means that the house is simply trying to drum up extra business. This term virtually means that one could have a collection of the items. Nevertheless, since individuals collect all types of objects, anything can be labeled to be collectible.
Reproduction has been a common term that has been used in all bidding processes. With reference to this matter, the term is used to refer to a substance that is not an original. Today, there can be reproductions of all antiques imaginable including the most famous appliances known to man.
There are some things that characterize an antique object. For instance, the component must be old enough and should also be rare. In this case, the rule of thumb is that this component must be a hundred years old or above that. Nonetheless, for the case of the automobiles and the power tools, falling under this category would require them to be twenty five years and above.
In all these, it is essential to note that there are a plethora of houses which deal with issues of <A href="http://www.trevizoauctions.com">Houston antique auctions</A>. These will offer as much info as possible regarding the appliance that is being auctioned. When need arises, they may also provide provenance and detailed story behind such item.
Houston antique auctions are held on a regular basis and offer rare and quality collectibles from around the world. To attend the next auction, visit the related website at <a href="http://www.trevizoauctions.com">www.trevizoauctions.com</a>. Come and join our mailing list today by signing up on http://www.trevizoauctions.com.
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New Unique Article!
Title: Words Used In Houston Antique Auctions
Author: Helga Stokes
Email: nathanwebster335@live.com
Keywords: hobbies, crafts, projects, DIY
Word Count: 518
Category: Hobbies
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