Auctions Context Definition

Timed Auction

An online auction running for a fixed period before closing automatically.

Related Philatelic Terms & Vocabulary

The auction house’s expected selling price range for a lot.

The confidential minimum price a seller is willing to accept.

The winning bid amount before fees and taxes are added.

An additional fee charged by the auction house to the buyer.

An item or group of items offered together in an auction.

A bid placed before the auction by someone unable to attend live.