When an auctioneer offers lots up as a group, the Group tab will become available. This will detail all lots being included in the group as well as the rules of the group.
There are a few different group rules you may encounter.
Group
This means that you will be buying all lots listed for one dollar amount.
Group times the hammer
This means that you will be buying all lots listed priced per lot. EX: Group of 3 would be the bid, multiplied by 3. This will also display in the current/asking price.
Option
This means that you can buy one or more lots of the group, however, you have to choose the lots you want in order for one price. EX: Lots 1, 2 and 3 are being sold. If you want lot 3, you have to also take 1 and 2. If you just want lot 1 you can just take lot 1. There would be no way to take just lot 2 or 3 when offered in this manner.
Option times the hammer
This means that you can buy one or more lots of the group, however, you have to choose the lots you want in order at a per lot rate. EX: Lots 1, 2 and 3 are being sold. If you want lot 3, you have to also take 1 and 2. If you just want lot 1 you can just take lot 1. There would be no way to take just lot 2 or 3 when offered in this manner.
Choice
This means that you can choose any of the offered lots to buy for one price. EX: Lots 4, 5 and 6 are being sold. If you want lot 6, you are free to choose it. If you would like to choose 4 and 6 but not 5, that is also an option.
Choice times the hammer
This means that you can choose any of the offered lots to buy at a per lot rate. EX: Lots 4, 5 and 6 are being sold. If you want lot 6, you are free to choose it. If you would like to choose 4 and 6 but not 5, that is also an option.
Comments
0 comments
Please sign in to leave a comment.