{"id":1547,"date":"2023-03-28T10:17:54","date_gmt":"2023-03-28T10:17:54","guid":{"rendered":"https:\/\/oktion.com.au\/organisers\/?p=1547"},"modified":"2023-05-19T12:13:19","modified_gmt":"2023-05-19T01:13:19","slug":"live-silent-auction-terminology","status":"publish","type":"post","link":"https:\/\/oktion.com.au\/organisers\/live-silent-auction-terminology\/","title":{"rendered":"Live Silent Auction Terminology"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 about-text\" style=\"--awb-font-size:18px;--awb-line-height:30px;--awb-text-color:#191919;--awb-text-font-family:&quot;Roboto&quot;;--awb-text-font-style:normal;--awb-text-font-weight:400;\"><p>There\u2019s a lot of online silent auction terminology you\u2019ll encounter while using the Oktion app. To help eliminate any confusion, and help make your bidding and selling more effective, here\u2019s a comprehensive list of live silent auction terminology.<\/p>\n<\/div><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"--awb-text-color:#000000;--awb-font-size:25.2px;\"><h4 class=\"fusion-title-heading title-heading-left\" style=\"font-family:&quot;Roboto&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;line-height:35.23px;\">Common live silent auction terms and phrases:<\/h4><\/div><div class=\"fusion-text fusion-text-2 about-text\" style=\"--awb-font-size:18px;--awb-line-height:30px;--awb-text-color:#191919;--awb-text-font-family:&quot;Roboto&quot;;--awb-text-font-style:normal;--awb-text-font-weight:400;\"><p>Auctioneer \u2013 The person running the auction event.<\/p>\n<p>Bid \u2013 The buyer\u2019s offer of a price they are willing to pay for an item.<\/p>\n<p>Bid increments \u2013 The amount an item\u2019s price increases with each bid.<\/p>\n<p>Bidding \u2013 The act of participating in an auction by offering a price for an item.<\/p>\n<p>Lot \u2013 The item or group of items being sold in an auction.<\/p>\n<p>Maximum bid \u2013 The highest amount a bidder is willing to pay for an item.<\/p>\n<p>Minimum bid \u2013 The lowest opening bid that can be made.<\/p>\n<p>Outbid \u2013 When someone bids a higher amount than the previous bidder.<\/p>\n<p>Reserve amount \u2013 The minimum amount the seller is willing to accept for an item that is sold.<\/p>\n<p>Seller \u2013 The person or organisation that has legal ownership of the item added for bidding.<\/p>\n<p>Starting bid \u2013 The first bid placed on an auction item, the amount of which is set by the seller.<\/p>\n<p>Here at Oktion, we are all about keeping your fundraising events exciting, fun and effective. Our team at Oktion do our best to ensure that every auction you run with us is a success. We care deeply about helping you help others. We hoped that this glossary of auction terms and phrases will help you and your guests and participants feel more comfortable at any auction event you hold.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a lot of online silent auction terminology you\u2019ll encounter while using the Oktion app. To help eliminate any confusion, and help make your bidding and selling more effective, here\u2019s a comprehensive list of live silent auction terminology.<\/p>\n","protected":false},"author":4,"featured_media":1548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17],"tags":[],"class_list":["post-1547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auction-items","category-auction-management"],"_links":{"self":[{"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/posts\/1547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/comments?post=1547"}],"version-history":[{"count":0,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/posts\/1547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/media\/1548"}],"wp:attachment":[{"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/media?parent=1547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/categories?post=1547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oktion.com.au\/organisers\/wp-json\/wp\/v2\/tags?post=1547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}