Auction Terminology - Coin Community Forum

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Author	Replies: 4 / Views: 1,556
yarm Valued Member United States 343 Posts	Posted 10/10/2011 10:51 pm At a recent Dix Noonan Webb auction in London, quite a few lots were hammered with the buyer noted not by a bidder number but rather as "Wood". What does this mean? Thanks! Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 10/11/2011 06:40 am My guess is that it is a wooden paddle held up high to indicate that the holder is making a bid. I have done that with a square numbered carboard. In my case, my bidder number was written in bold large size that could be easily seen by the auctioneer. Report this Post to the Staff
yarm Valued Member United States 343 Posts	Posted 10/12/2011 09:49 am Here's the reply I received from Dix Noonan Webb. "Wood" is the non de plume used for commission buyers. Report this Post to the Staff
Peter THOMAS Pillar of the Community Australia 2830 Posts	Posted 10/12/2011 8:36 pm "commission buyer" ? does that mean an agent for an undisclosed principal ? Report this Post to the Staff
chris wren New Member United Kingdom 30 Posts	Posted 11/05/2011 3:58 pm A 'commission' buyer is simply a person who leaves an absentee maximum bid with the auctioneer and not an 'agent'. When any absentee bidder wins a lot, most auction houses knock it down to a 'name' - for DNW, the name they use is Wood. Report this Post to the Staff
	Replies: 4 / Views: 1,556

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