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The Chant
"Reserve Bid"
"Bidders Choice"
"Times the Money"
"All for One Money"
"You're Out"
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You can learn to understand what they are saying and doing, and just what that slang really means. The auctioneers "chant" is the most misunderstood language out there, and it really doesn't have to be that complicated. The "chant" is used to sell items fast and to create excitement. It might go something like this--"Twenty dolla-bid-now-fi-woulda-bidda-fi-who-bidda-fi-bidda-fi-anywhere." What is this chant really saying? Twenty-dollar-bid-and-now-five-would-you-bid-a-five-who-bid-a-five-bid-a-five anywhere. There are many variations to the "chant", but understanding exactly what the auctioneer is saying is not nearly as important as paying attention to the increase of money that has just been made. Pay close attention to the numbers that are being said, because the rest of the "chant" is just filler to make the "chant" flow smoother. The auctioneer "chant" doesn't have to be intimidating once you understand it. AUCTION SLANG This term means that a set price has been placed on the item up for sale, and that the item has to achieve at least that particular price that has been set as the "reserve." To offer under the reserve bid is a waste of time, because the auctioneer will reject anything that is under the "reserve bid." The term "bidders choice" is used when there are a number of items on the auction block to be sold. The person who wins the bid is allowed to choose what item he or she wants from the lot. It's important to understand that when the auctioneer is saying "bidders choice," that not everything on the block is for sale. If you win the bid, however, the auctioneer may tell you that you can choose what you want, and take as many as you want. This means that every time you choose another item, you pay the same amount that you bid on the first item all over again. You may hear a term being used that sounds something like this. "There are three pieces in this lot. You are buying by the piece, three times the money." That means simply that you are only bidding on one piece, but you must take all three items. For example, if three dolls were to be auctioned, you would be bidding on one doll and if you won the bid, you would pay three times what you just bid because there are three dolls and you must take them all. Be careful that you understand what the auctioneer is saying so that you don't assume that everything on the block is going to you for the one bid you made. When the auctioneer says "Your buying it 'all for one money'", it simply means that everything that is on the "block" is being sold for one price to the winning bidder. if you win the bid, you take all that is being sold on the block and pay your bid price for it. When the auctioneer points to you and says "you're out," it simply means that there has been another bid after yours, and you need to bid again if you want to try to buy the piece that is being sold. |