Auction House
Is a company that facilitates the buying and selling of assets, such as works of art, luxury goods, and collectibles. Auction house most commonly refers to the company that is running the auction. Some large auction houses include Sotheby’s, Christie’s, Bonhams, or Heritage auctions.
Other resale terms
- Antique
- API (Application Programming Interface)
- Appraisal
- Brick & Mortar
- Buyout
- Circular Economy
- Commission
- Commission Structure
- Condition
- Consignment
- Consignor
- Customer-to-Business Transaction (C2B)
- Dealer
- E-commerce
- Estate Sale
- Fair Market Value
- Insurance Value
- Linear Economy
- Managed Marketplace
- Offer option
- Pawnshop
- Peer-to-Peer Marketplace (P2P)
- Pre-owned
- Pricing Strategy
- Primary Market
- Recommerce
- Replacement Value
- Resell Interface
- Retailer
- Secondary Market
- Sell-through rate / Sales turnover
- Software as a service (SaaS)
- Target markup
- Thrift Shop
- Trade-in
- Vintage