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

<b>Auction – </b>Sat 7/11/15 at 10AM – 4193 John Alden Lexington, Ky 40504

21 Jun 2015

Auction – Sat 7/11/15 at 10AM – 4193 John Alden Lexington, Ky 40504

by EditorMarilyn | posted in: Upcoming Auction | 0

Location: 4193 John Alden Lexington, Ky 40504 Auction Date: Saturday July 11th 2015 Starting at 10AM Open House: Sun – June 28th 2015 from 1AM – 3PM & Sun – July 5th 2014 from 1AM – 3PM & … 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.