Upcoming Auction | Allen Auctions - Lexington Kentucky - Tom Allen Auctioneer, Broker & Licensed Appraiser

14 Oct 2021

ONLINE AUCTION 10/13 thru 10/22 Personal Property – Naples Florida

by EditorMarilyn | posted in: Upcoming Auction | 0

This online auction consists items from this Multi-Million Dollar home’s furnishings, fixtures, and contents located in the Strand on Vanderbilt Beach in Naples, FL. AUCTION ITEM SUMMARY: (over 250 items) Fabulous Naples Multi-Million Dollar property’s contents: The property includes fabulous … Continued

Different Types of Auctions

Absolute: An auction where the property is sold to the highest qualified bidder with no limiting conditions or minimum amount. The seller may not bid personally or through an agent. An absolute action is also known as an auction without reserve.
Reserve: An auction in which the seller reserves the right to accept or decline any and all bids. A minimum acceptable price may or may not be disclosed and the seller reserves the right to accept or decline any bid within a specified time.
Minimum Bid: An auction in which the auctioneer will accept bids at or above a minimum price that has been disclosed. The minimum price is always stated in the brochure and advertisements and is announced at the auctions.