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Introduction
- Index
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Being and auction consultant and avid auction goer for over 10
years, I have attended and participated in over 1000 auctions. The knowledge I have
acquired during this time is being being expressed herein at the request of many people
who have asked for help and assistance involving the process of selling and buying items
at auction. These opinions are mine and do not reflect those of any one auction or
auctioneer. I am not an expert. I am writing this article as a good reference for
people who are new to the auction, distrust auctions or would just like to learn as much
as possible. Every auction is different and to describe the process of each is impossible.
I do not insinuate that every auction is the same. The following is provided as a general
guideline, one in which, I hope will make your first or last experience a pleasant
one.
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Many thousands of auctions are held each year in every part of the world. My experience
deals with the Mid-Atlantic States. The processes are going to differ from state to state,
however many basic principals are the same.
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First, lets start with the basics. The auction has been around since
the late 1860's. After the Civil War there was a surplus of military goods, and
non-military issue goods, which needed to be cleared from local inventories across the
country. An appointed person was given the rank of Colonel and instructed to sell these
items to the highest bidder. To this day the honorary title of Colonel is still used by
many auctioneers. Items are sold in 'as is', and 'where is' condition with a no
guarantee clause. The auctioneer charges a 'commission' for services rendered, usually
paid by the seller. However, some auctions charge a 'buyers' fee. Sometimes this fee is a
result of a lower price charged the 'seller' as a means to get better quality items and
sometimes the auctioneer just wants to increase his profit margin.
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Navigation is accomplished by using
the main menu on the left. Just click on the red
help book next to the words Auction Guide
and the topics will unfold. Or you can use the index below.
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Copyright
Information
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This reference is here for informational
purposes only.
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This guide may be freely distributed providing
that I have been credited as the author, and a link to this website has been
placed on each chapter. Thank
You.
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I would appreciate an email
if you did use excerpts from this guide. But it's not necessary.
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Written and Copyrighted © 1997-2001
by Stan Daniloski, Earth
Station 9.
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