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About Auctions

Auction terms and definitions

1. Auction terms and definitions The following terms and definitions apply to auctions. 1.1. “Absentee or commission bid” refers to a procedure that allows a bidder to participate in the bidding process without being physically…

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Auction myths and mysteries

1. Auction myths and mysteries 1.1. The stigma traditionally associating auctions with the disposal of distressed estates is the single biggest misconception about auctions. It is a myth that auctions are all about the disposal…

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