Auction Catalog of Imperial Auctions (An Indian Numismatic Auction House)
An auction catalog (US spelling) or auction catalogue (British spelling) is inventory of listing of items to be sold at an auction. It is made available some time before the auction date. Auction catalogs for rare and expensive items, such as art, books, jewelry, postage stamps, furniture, wine, cars, posters, published for sales around the world, can be of interest in themselves--they will can include detailed descriptions of the items, their provenance, historical significance, photographs, and even comparative analyses and descriptive essays by subject experts.
In some cases, auction catalogues are key documentation for rare objects that are in private collections, and make up an important part of the libraries for students of material culture, appraisers, museums, and dealers.
Each entry typically includes a "lot number" identifying each item uniquely, a description of the item, and either an estimated price or a "reserve" price below which the item will not be sold. Photographs may appear with the entry, or grouped into a separate section of the catalog; for lower value items, the textual description may be considered sufficient.
As a combined information source and "sales brochure", an auction catalog must tread a fine line between accuracy and promotion. For instance, any damages or flaws must be described exactly, so that buyers cannot claim to have been deceived, but at the same time the description will typically include words playing down the bad points (as in "brownish spot that does not detract from appearance" or "faint crease, as is common"). Similarly, positive features are highlighted, such as "one of only four known examples of this type", or perhaps a photograph of an item of jewelry being worn by a famous person.
Auction catalogs may be sent to favored customers without charge, but catalogs may be charged for, sometimes as much or more than other kinds of book. Important historical catalogs may be sold by bookstores, or even appear as items in book auctions.
Some time after the auction is concluded, recipients of the auction catalogs may receive a "prices realized" document, a bare listing of the lot numbers and the prices for which each was sold. Prices may be posted online. Some collectors annotate their copies of the catalogs, to record prices brought and even buyers' identities.
The actual physical auction catalog is limited to print runs which started in 2005 when the major auction houses created their own app. In 2018 it is rare that you can purchase the physical auction catalog. The auction is completely cataloged online. Bidding is done online and the auction results can only be printed online. The auction houses allow users to look at past sales for getting estimates.
An auction is usually a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory.
Philatelic investment is investment in collectible postage stamps for the purpose of realizing a profit. Philatelic investment was popular during the 1970s but then fell out of favour following a speculative bubble and prices of rare stamps took many years to recover.
A stamp catalog is a catalog of postage stamp types with descriptions and prices.
An online auction is an auction which is held over the internet. Like auctions in general, online auctions come in a variety of types like ascending English auctions, descending Dutch auctions, first-price sealed-bid, Vickrey auctions and others, which are sometimes not mutually exclusive.
A secondhand or used good is a piece of personal property that is being purchased by or otherwise transferred to a second or later end user. A used good can also simply mean it is no longer in the same condition as it was when transferred to the current owner. When the term used means that an item has expended its purpose, it is typically called garbage, instead.
Mail order is the buying of goods or services by mail delivery. The buyer places an order for the desired products with the merchant through some remote method such as:
Comic book price guides are generally monthly, quarterly, or yearly publications which detail the changes in the resale value of a comic over a period of time. Price guides are also important tools for collectors looking to sell their collection or determine their collection’s worth for insurance purposes.
AbeBooks is an e-commerce global online marketplace with seven websites that offer books, fine art, and collectables from sellers in over 50 countries. Launched in 1996, it specialises in used, rare and out-of-print books. AbeBooks has been a subsidiary of Amazon since 2008.
Auction sniping is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper. This can be done manually, by software on the bidder's computer, or by an online sniping service.
A catalog merchant is a form of retailing. The typical merchant sells a wide variety of household and personal products, with many emphasizing jewelry. Unlike a self-serve retail store, most of the items are not displayed; customers select the products from printed catalogs in the store and fill out an order form. The order is brought to the sales counter, where a clerk retrieves the items from the warehouse area to a payment and checkout station.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties.
A multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price or at different prices.
A white elephant sale is a collection of used items being sold, much akin to a yard sale or garage sale, often as a fund-raiser for a cause.
The Rare Book Hub is a website for the buying, selling and collecting of rare and antiquarian books. It was founded in 2002 in San Francisco by rare book collector Bruce McKinney with the aim of offering hard to find information about book collecting to the public. From a start of providing a subscription database of bibliographic records, the company now offers many related services, mostly at no charge. The company at first specialized in the Americana book field, but quickly expanded to all types of antiquarian and rare books, ephemera, manuscripts, prints, photographs, and other works on paper.
Consumer to consumer (C2C) markets provide an innovative way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service. In customer to customer markets, the business facilitates an environment where customers can sell goods or services to each other. Other types of markets include business to business (B2B) and business to customer (B2C).
Pricefalls, LLC was an American Internet company that managed Pricefalls.com, an on-line retail marketplace, and PFTech, a leading marketplace platform developer. In 2019, Pricefalls, LLC was acquired by Loblaw, Canada's largest retailer.
Worthy.com is an online liquidation marketplace for pre-owned luxury goods including diamonds, brand-named watches, and diamond jewelry. Worthy is headquartered in New York City and was founded by investment banker Ben De-Kalo in 2014.
The art market is represented by a marketplace of buyers and sellers trading in the commodities, services, and works-of-art commonly associated with the various arts. The art market is also concerned with the production of new art which enters the art market. The art market is an example of one type of marketplace, among many different types of markets which occur in economics. In particular, the art market has many similarities with other marketplaces where buyers and sellers meet, as well as significant distinguishing factors indicative of its differences from other types of markets in economics.
The Sunrise Ruby is the world's most expensive ruby, most expensive coloured gemstone, and most expensive gemstone other than a diamond. Originally mined in Myanmar, its current name is derived from a poem of the same name, written by the 13th-century Sufi poet Rumi.
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