Symmes Auction Co. Inc.
3324 Pendleton Ave
Anderson, IN  46013
765-644-7157

 

 

1-765-644-7157

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Auction Terms

Here is a list of common auction terms to help you!

Auctioneer 

Person who invites the bidding at certain increments, calls the final price, and knocks down the item on the block.

Ringman or Bid Assistant 

Person who stands in front and helps the auctioneer take bids, deliver the items to the bidder, and bring more to the block.

Clerk

Person who writes down all auctioned items, the final bidders number and the bid, so the auctioneer will have a record and you'll have a receipt.  Many auctioneers tape their auctions so if there is any problem they can run back the tape and listen to it.

Reserve

Price wanted at auction.

 

 

Cashier

Person(s) who register your name and give you you a bidder number, add up your bill, and give you a receipt after you pay.

Choice

Bidding on one item in a group, high bidder can take any items, each at the bid price.

By the Price

Buying all items at the individual item price.  Example, you buy 6 glasses at $2 for 1 glass, total is $12.

Bid Left

Bid in writing executed by auction personnel, from absentee bidder.