Auction Process
Prime Time's Community auctions follow this schedule
What is Every 2nd Saturday and 4th Wednesday?
An item sells for $100, the buyers final total will be this.
What is $116.60
The percentage added to the winning bid that the buyer pays.
What is Buyers Premium?
The matriarch of Prime Time Auctions
Who is Angie Hernandez?
This reality TV show made bidding on abandoned storage lockers famous.
What is Storage Wars?
Finish this sentence, "Gun buyers must ... "
What is "pass a federal background check"
The current bid on an item is $40. The next bid is
What is $45
The person who sends items to auction to be sold.
What is a consignor?
The longest tenured non-Hernandez Prime Time employee.
Who is Lisa Smith?
The word "auction" comes from the Latin word augere, which means this.
What is "to increase"?
Prime Time has this many standard contracts
What is 3?
22%, Sliding Scale, Blank
A 40 lot consignment totals $500. This is the average price per item.
What is $12.50
The person on the floor who spots bids and engages with the crowd.
Who is a Ringman?
This is Prime Time Auctions tagline
What is "Bid Anytime, Anywhere?"
The very first item sold on eBay was a broken one of these
What is a laser pointer?
When filling out a contract, these items must be filled out.
What is "Name, Address, Consignor Number, Auction Date, Item Location, Received by, Coordinator, Signature, Date, Item Description."
Need 8/10 for correct answer
RJ buys a truckload worth $10,000 retail, and he pays 25% of retail. This is what he pays
What is $2,500
An auction where the item sells to the highest bidder, no matter the price.
What is an absolute auction?
Prior to the current Maverik location, Prime Time Auctions was located here.
What is Highway 30?
Founded in London in 1744, this is one of the oldest auction houses still operating.
What is Sotheby's?
On the sliding scale contract, an item selling for $8,750 pays this much in commission
What is 6%?
A consignor on the 22% contract sells three items at $20, $35, and $45. This is their statement total.
What is $75
When the high bidder gets to pick one or more items from a group at the same price.
What is choice?
Prime Time specalizes in these categories
What is Auto/RV, Estate/Antique, Equipment/Business, Real Estate
In 193 AD, the Praetorian Guard auctioned off this entire thing to the highest bidder.
What is the Roman Empire?