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level 2

Introduction to Auctions

Course L2:07

A useful extension course to the Law and Practice of Commercial Agency course (L1:08). The process of auctions and their strengths will be considered in a practical workshop setting.

Useful Pre-Requisite: Course L1:08 (Law & Practice of Commercial Agency)

Framework:
  • Benefits and burdens of auctions
  • Auction practice
  • Preparation of catalogues
  • Statutory requirements
  • Choice of lots
  • Guide and reserve prices
  • Terms of engagement
  • Concluding a sale
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