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Auctioneer’s Terms |
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"Cap": The maximum commission an Auction Agent invoices a client for representation at a public auction [slang]. |
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Catalogue Number: . A designated number or set of numbers from a standard postage stamp or postal history reference universally identifying a philatelic item |
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Katalog- nummer [Germany]. Nombre d'Catalogue [France]. Numero Catalogo [Italy]. Numero de Catálogo [Spain]. |
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Collection Lot: 1. An auction lot comprising of a mounted or unmounted country, topical, etc. collection, which normally is viewed previous to bidding. |
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2. Briefmarken- sammlung [Germany]. 3. Collection de Timbres-Poste [France]. 4. Collezione Francobolli [Italy]. 5. Colección de Sellos [Spain]. |
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Competent Authority: see: Expertiser / Expertising Committee. |
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Condition: 1. The physical state description of a postage stamp or postal history item offered at auction. 2. Erhaltung [Germany]. 3. Condition [France]. |
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4. Condizione [Italy]. 5. Condición [Spain]. |
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Conditions of Sale: The "Conditions of Sale" or "Terms of Sale" printed in an auction catalog, and which are the legal documentation binding the buyer purchasing at |
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the auction; terms normally are subject to verbal amendment(s) at the time of the auction. |
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Consignor's Contract: The legal and binding signed document of agreement between the auctioneer and the owner of the philatelic properties being consigned to the |
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auctioneer. |
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Crossing Off: see: Bidding Circle. |
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Estimated Value: The valuation of a lot based on the auctioneer's or consignor's experiences, and not sourced from any catalog or other standard pricing reference. |
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2. Suggested Bid. 3. Schätzpreis, Bewertung [Germany]. 4. Évaluation [France]. 5. Valutazione [Italy]. 6. Valor Estimación [Spain]. |
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Expertised: 1. A postage stamp or postal history item which has been opinionated by a Competent Authority as being genuine, and which is accompanied by the |
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expertiser's signature on the item, or by a signed photo certificate. 2. Geprüft, Signiert [Germany]. 3. Expertisé [France]. 4. Firmato [Italy]. 5. Periciado [Spain]. |
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Expertizer/Expertisng Committee: 1. The mutually-agreed upon Competent Authority recognized as being qualified to certify the identification, authenticity, quality |
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attributss and/or other status of philatelic materials purchased at auction. 2. Bundesprüfer [Germany] |
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Extension: The time period allowed by the auctioneer for certification of lots purchased at auction by an Expertiser / Expertising Committee. |
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"Fair Warning": A phrase utilized by some auctioneers to denote that a lot will hammered down momentarily; and normally used to alert bidders who may have |
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missed a lot of possible interest. |
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"Fairy Tales": False entries included in published or verbal Prices Realized [slang]. |
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Final Bid Price: see: Hammer Price. |
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Finders Fees: Payments from an auction house given to individuals providing means and/or arrangements for the selling of philatelic properties by the auctioneer. |
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Geprüft: Expertized [Germany] |
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"Ghost Bidder": see: "Running Up the Bidder." |
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Hammer Price: 1. The final bid acknowledged and accepted by the auctioneer as the winning high bid successfully purchasing the lot being offered at auction. |
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2. the Final Bid Price. 3. the Knockdown Price. |
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