Opening Bid

Opening Bid The first bid offered by a bidder at an auction.   Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014, Grapevine, TX 76099 Name* First Last Email*...

International Auctioneer Champion (IAC)

International Auctioneer Champion Annual contest hosted by the National Auctioneers Association at its Conference & Show for bid-calling auctioneers. Each year, one female and one male auctioneer is declared the winner of the IAC.   Contact Get InTouch...

No-Sale Fee

No-Sale Fee A charge paid by the owner of property offered at a reserve auction when the property does not sell.   Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014, Grapevine,...

Intellectual Property

Intellectual Property IP is a term referring to a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under IP law, owners are granted certain exclusive rights to a variety of...

National Auto Auctioneers Association (NAAA)

National Auto Auctioneers Association Founded in 1948, the National Auto Auction Association represents more than 317 auto auction companies, both domestic and international, with more than 8.9 million units sold each year.   Contact Get InTouch Email:...

Hammer Price

Hammer Price Price established by the highest bidder and acknowledged by the auctioneer before dropping the hammer or gavel.   Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014,...