Auction block: The area the auctioneer will sell from. This is usually a raised platform or podium. When items are sold they are said to “cross the auction block.”
Auctioneer: A licensed professional who has been taught to sell by the auction method.
Bid number or bid card: Registration card with a number on it assigned to the bidder for the day. This card is used to complete bids at a live auction.
Bidder: A person registered to bid at the auction.
Buyer’s premium: A fee charged by the auction company to the bidder. This may be a percentage of the bid price or a flat fee.
Box lot: A box full of merchandise. These are sold by the box.
Bull pen: Area where the auction staff secures smaller purchases.
Clerk: Person who is recording the auction sales of what was sold, the consignor and the buyer. Computer clerk: Enters the sales information into the auction system so it is available for the cashiers.
Clerking sheet: Used by the auction clerk to record the items sold.
Consignor: Person or entity that consigns the items to the auctioneer / auction company for auction. Each consignor is assigned a consignor number that is displayed on their merchandise.
Gallery: Area used for display of merchandise and conduct the auction.
Lot: A lot can be either a single item or multiple items. Each lot is assigned a number by the auction clerk.
Lot Number: The number assigned to the item at the time of selling unless the auction has been pre-lotted. Item lot numbers can be seen on your invoice.
Preview: Space of time to allow prospective bidders to inspect the items to be sold.
Ringman: Helps the auctioneer secure and find bids. Will also hold items up for display during the auction.
Smalls: Items that can be carried single handedly, typically glassware and collectibles.
Ticket runner: Person responsible for taking the clerking sheets to the computer operator(s) in the office.