The Best Bidder Win Auction
details visit to www.auction-professional.com. A unique number, known as the Client Number, is going to be allotted to you. A paddle is a plastic card bearing a number that is registered at the auction. The paddle is raised to bid and the auctioneer calls out the paddle number of the successful bidder at the time of selling each lot. When the gavel falls the auctioneer announces the hammer price. The hammer price is the final bid price, which does not include a buyer’s premium. For more details logon to www.auction-words.com. The buyer’s premium is the money that is paid separately by the buyer to the auction house. It is a percentage of the final bid price.
Sotheby’s and Christies are two very famous auction houses. Samuel Baker founded Sotheby’s in the year 1744. However, today this premier auction house has branches on the Manhattan’s York Avenue and New Bond
