Article 27 an trustee shall state the source and drawbacks of his or her auction targets to the auctioneer.
It would mark the latest in a string of acquisitions in Asia by the world's biggest online auctioneer.
In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price.
Even eBay, the online auctioneer, keeps quiet.
Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid.
Article 21 Should a trustee or a buyer ask to keep secret of his or her identity, the auctioneer shall keep secret for him or her.
Christie's, the region's leading auctioneer, has been braver.
Article 28 an trustee has the right to set the retentive price of an auction target to the auctioneer.
Should the verification conclusion contradict the conditions of an auction target stated in an auction contract, the auctioneer has the right to demand a change or rescind the contract.
Foreigners are not allowed to own auction houses there, but Christie's has got around that by signing a licensing agreement with a leading Chinese auctioneer.
Benson signaled the auctioneer quietly and kicked the bid up another thousand dollars.
The auctioneer laid down his gavel "I'm sorry, the auction is over".
Should the auctioneer accept a trust, he or she shall sign a written contract on trust auction with the trustee.
Two lots of Ming ware in a recent sale at Doyle, a small New York auctioneer, were wildly bid up, one of them to over 180 times its high estimate.
Christie's, an auctioneer, says all the wines it auctions are inspected three times by different people, using detailed checklists for condition and authenticity.
