Glossary of Terms
The high bid for which an item sells and the price from which commissions are calculated.
A confidential minimum price below which the Lot will not be sold. Reserves will never be higher than the low estimate.
The published guide prices accompanying a Lot.
The fees paid to Tarisio by the buyer and the seller for conducting the sale of the Lot.
An item that is offered for sale.
An item that did not sell because bidding did not meet the reserve.
Information about the condition of a lot, available upon request for every item in Tarisio’s auctions.
The person with the highest bid at the close of bidding; so long as the bidding has met the reserve price, the high bidder is the buyer of the Lot.
An anonymous user name used to place bids, similar to a paddle in a traditional auction.
For further information about auction terms see:
Condition Report Terminology