Jim Christen Auctions, LLC
1243 South D Street
Broken Bow, Ne 68822
Contact via Email
- Auction House
- Antiques for Auction
- Antique Furniture
Hours of OperationBusiness Hours TBA Soon
Check with us for our Holiday Schedule
C Street Auction is an Auction House where people may consign and set their own prices on the items they would like to include in the auctions with the items being shown in the showroom one week prior to the auction. If the item has not sold by Saturday, it goes "live" at the auction, If a consignor feels the auction price is too low, they do have the option of buying their item back.
What is an auction?
It's a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
Appraisal – an estimate of an item's worth, usually performed by an expert in that particular field.
Auction block - a raised platform on which the auctioneer shows the items to be auctioned; can also be slang for the auction itself.
Auction house - the company operating the auction (i.e., establishing the date and time of the auction, the auction rules, determining which item(s) are to be included in the auction, registering bidders, taking payments, and delivering the goods to the winning bidders).
Auctioneer - the person conducting the actual auction (announcing the rules of the auction and the item(s) being auctioned, calling and acknowledging bids made, and announcing the winner).
Bidding - the act of participating in an auction by offering to purchase an item for sale.
Escrow – an arrangement in which the winning bidder pays the amount of his/her bid to a third party, who in turn releases the funds to the seller under agreed-upon terms.
Lot – either a single item being sold, or a group of items (which may or may not be similar or identical, such as a "job lot" of manufactured goods) that are bid on as one unit.
Minimum bid – The smallest opening bid that will be accepted.
Outbid (also spelled "out-bid" or "out bid") – to bid higher than another bidder.
Opening bid – the first bid placed on a particular lot. The opening bid must be at least the minimum bid, but may be higher (e.g., a bidder may shout out a considerably larger bid than minimum, to discourage other bidders from bidding).