|
Auctioneer’s Terms |
|
Hidden Reserve: 1. The non-stated minimum price the seller of the lot will accept, with bids received below the Hidden Reserve being ignored. |
|
2. the Non-Stated Reserve. |
|
|
|
Knockdown Price: see: Hammer Price. |
|
|
|
Limit Bids: The maximum amount of money an absentee bidder is willing to spend at any one specific auction. Lot: The philatelic property offered as an individual |
|
entity, and numbered as such in the auction catalogue. |
|
|
|
Limit Bids: The maximum amount of money an absentee bidder is willing to spend at any one specific auction. Lot: The philatelic property offered as an individual |
|
entity, and numbered as such in the auction catalogue. |
|
|
|
Lot Description: The auctioneer's identification of the material being offered at auction. |
|
|
|
Minimum Bid: 1. The auction catalogue stated minimum price the auctioneer will accept for the lot. 2. the Starting Bid. |
|
|
|
Non-Stated Reserve: see: Hidden Reserve. |
|
|
|
NVPH: Nederlandsche Vereeniging van Postzegelhandelaren (Netherlands Stamp Dealers Association) [Netherlands] |
|
|
|
Opening Price: The beginning selling price of the lot as announced by the auctioneer indicating the price at which the bidding commences. The Opening Price can |
|
represent a bid one increment over the second highest Book Bid, the highest Book Bid, or the Reserve Price for the lot. |
|
|
|
Opinion: see: Expertise/Expertise Committee. |
|
|
|
Order Bidder: see: Absentee Bidder. |
|
|
|
Paddle: see: Bidding Paddle. |
|
|
|
"Paralysis of the Arm" Bidding: 1. The floor bidding procedure whereby the participant denotes the intention of bidding by raising the bidding paddle, or equivalent, |
|
throughout the bidding process, without lowering the instrument during the calling of the bidding increments. 2. "Statue of Liberty" bidding [slang]. |
|
|
|
P, PH, Photo: Standard auction catalogue abbreviations indicating that a lot or a portion of a lot has been illustrated. |
|
|
|
Pass: The auctioneer's terminology designating that a lot has been hammered down, but that the lot remains unsold because the final bid did not reach the Hidden |
|
Reserve. |
|
|
|
PF: Philatelic Foundation (New York) [abbr.]. |
|
|
|
PFC: Philatelic Foundation Certificate [abbr.]. |
|
|
|
Price on Request (POR): 1. Rarely used in the U.S.A., the terminology stated in an auction catalogue when designating that a lot's value is sourced by contacting the |
|
auctioneer for the estimated price. 2. Preis auf Anfrage [Germany]. 3. Prix sur Demande [France]. 4. Prezzo a Richiestra [Italy]. 5. Precio sobre Demanda [Spain]. |
|
|
|
Prices Realized: A published listing of the prices realized on individual lots sold during an auction, usually designated as being either the Hammer Price amount , |
|
or the Hammer Price + Buyer's Premium amount. |
|
|
|
Provenance: 1. The origin and/or previous owner(s) of the philatelic material being offered at auction, usually attributing ownership to a prestigious collector or |
|
institution. 2. the designation for this type of philatelic material (ex-Ishikawa, ex-Farouk Collection, etc.). |
|
|
|
|
|
Previous page Diary Publication Advertisers Index Page Next Page |
|
|