2007-11-14 11:20:05 · 4 answers · asked by Anonymous in Arts & Humanities ➔ Visual Arts ➔ Painting
Bought In - If there are no bids on a lot, or if bidding does not reach the reserve price, the lot is considered "bought in." This means that the lot is left unsold and remains the property of the owner.
2007-11-14 12:37:32 · answer #1 · answered by gwlandis2 3 · 0⤊ 0⤋
The Meaning Of Auction
2016-12-16 15:45:29 · answer #2 · answered by parkhurst 4 · 0⤊ 0⤋
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You can no longer buy the house thru the MLS. The bank has turned over the property to one of those auction companies that takes out the huge ads in the newspaper. You attend the auction in person and bid. You can get a loan at this type of auction. If the house does not sell at the auction, it goes back into MLS and you can make an offer thru your agent or the listing agent.
2016-04-11 00:07:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unsold, not reaching minimal price. Usually it implies it will get a retry in the next auction.
In auctions I think you could mean "bRought in". Brought in is a common term in auctions. Take/took an object to be auctioned.
"I brought in a painting. It fetched a handsome sum."
2007-11-14 19:31:28 · answer #4 · answered by Puppy Zwolle 7 · 0⤊ 0⤋