Opening Bid

Opening Bid

Opening Bid The first bid offered by a bidder at an auction.   For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box...
International Auctioneer Champion (IAC)

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.   For all active auctions,...
No-Sale Fee

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.   For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone...
Intellectual Property (IP)

Intellectual Property (IP)

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 (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.   For all active auctions, and...
Hammer Price

Hammer Price

Hammer Price Price established by the highest bidder and acknowledged by the auctioneer before dropping the hammer or gavel. Hammer price is what is commonly referred to the price obtained after the highest and best bed has been received from an individual or an...