alphabetical glossary
| bid: | declaration of intention through sign (rise of hand) with number for bidding, legally binding price and number for bidding is mentioned |
| catalogue: | also 'leaflet' or 'list', only available via web; possible supplements and modifications of catalogue put up |
| catalogue (after auction sale): | list of items not sold, in the web on the following working day |
| cheque confirmation | (follow link; please use this form!) |
| collection certificate: | pink sheet, authority for collection and certificate of payment to be handed over (signed) at collection |
| condition: | "knockdown under condition" is binding for the bidder and can occur because of: 1. property relations not being solved yet 2. bid under the set price case 1: you will get informed about whether property could be achieved or not; case 2: the auctioneer has one week to get higher bids; you wil get informed about the negotiations |
| conditions of auction sale | (follow link) |
| dismantling: | on own organization and responsibility (sale undismantled from location) partly forklift or the like available partly company for dismantling, transportation on-site (see front page) |
| insolvency: | formerly called bankruptcy procedure of gaining assets for creditors |
| knockdown: | is made with "zum Dritten" ('to the third') with naming price and number for bidding, legally binding acquisition of property |
| loss of certain objects: | through theft or disposal of administrator of insolvency (no pre-auction sale!) |
| lot: | object or unity of items to be auctioned (see description in catalogue) |
| minimum bid: | starting price of bidding procedure |
| number for bidding: | available at cash desk through registration (please don't lose!) |
| number of lot: | see red sticker; auction in order of catalogue |
| other sale: | sale with fixed prices |
| place of auction: | normally on site of plant, seldom in public houses or the like, see advertisement / front page |
| pre-auction sale: | not possible! not even via web! |
| premium: | commission of auctioneer, at 15 % (not included in price!) |
| VAT: | currently at 19 % shown on invoice, returned by exportation out of the EU not included in price! |
| visit: | space of time (minimum: 2 hours) before auction for inspection of lots (ends with opening of auction) use hours of visit! |
| written bid: | bid(s) in absence of bidder: representation through auctioneer, information if knockdown (bids via fax only until day preceding auction) |