Terminology

Auction : The sale of goods to the highest bidder

Auctioneer : Person in charge of public sales when items are sold to the person offering the most money (the highest bidder)..

bid : an offer to buy something at a public sale against competition from others. [bidder, person who makes a bid]

Certificate of conformity : document drawn up by a registered, specialised body, or by an artist, certifying the origin of the work or the object.

Venal value : value in money.


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