ABSOLUTE AUCTION - The ultimate no-reserve opportunity! When we say "absolute," we mean it - the highest bid wins, period. No hidden reserves, no seller interference, just pure competitive bidding at its finest. Your chance to acquire premium assets at true market value.

AS IS, WHERE IS  - What you see is what you get! Items sold "as is” with no implied warranty  to condition, Where is reminds Bidders to be prepared to bring the proper tools and equipment to remove their items.  Each Bidder should be prepared to inspect, evaluate, know removal conditions prior to bidding.

AUCTION - The time-tested method of achieving true market value through competitive bidding. Our professional auctions create an electric atmosphere where serious buyers meet motivated sellers for maximum results.

AUCTION BLOCK - The command center of every great sale! When an item hits our auction block, it's showtime. Auctioneers command the floor from this elevated platform, ensuring every bidder gets their fair shot at victory.  A term typically used in live or benefit auctions.

AUCTION LISTING CONTRACT – This contract is required for all auctions and protects both Seller and Auctioneer interests throughout the entire auction process. This comprehensive document outlines our commitment to achieving maximum value for your assets and also includes Seller responsibilities.

AUCTION MARKETING INSTITUTE - The gold standard in auctioneer certification. When you work with our AMI-certified professionals, you're getting the industry's most qualified experts backing every transaction.

AUCTION PLAN - Our proven blueprint for success! From aggressive pre-auction marketing to seamless day-of execution and professional post-auction settlement, we leave nothing to chance.

AUCTIONEER – Licensed and trained experts that don't just call bids - they create an electric atmosphere that drives maximum value and ensure each auction is ethical and legal. Each member of our auctioneer team brings decades of experience and proven results.

BID - Your gateway to acquisition success! Every bid represents a legally binding offer, delivered in our standardized increments for clarity and fairness. When you bid at our auctions, you're one step closer to victory.

BID NUMBER - Your exclusive passport to bidding excellence! Register with us to receive your personal bid number - your unique identifier in our professional auction environment. (Required for all live auction participants.)

BID RIGGING ABSOLUTELY FORBIDDEN! - We maintain a zero-tolerance policy toward collusion or bid manipulation. Our auctions guarantee fair play and maximum competition for every lot.

BUYER'S PREMIUM - Our standard transaction fee paid by buyers - clearly disclosed and added to the winning bid to determine your total investment. This industry-standard practice helps us deliver the professional service you deserve.

CAI - The elite Certified Auctioneers Institute designation - the auction industry's highest mark of excellence. Our CAI-certified professionals have proven their expertise through rigorous education, testing, and ethical standards. When you see CAI after an auctioneer's name, you know you're working with the best in the business!

CLERK - Our detail-oriented documentation specialists! These professionals ensure every transaction is recorded with pinpoint accuracy, handling all financial aspects with complete precision and professionalism.

HAMMER PRICE – Is the final price “SOLD” price of an item up for bid! When assets cross the auction block, the resulting prices reflect true market demand. Our competitive bidding process consistently delivers optimal results for both buyers and sellers.

ONLINE AUCTION – This is an auction where all bidding takes place online.  The auction items are documented and photographed for bidders to review.  Personal inspection is encouraged for all online bidding.

RESERVE - Strategic selling at its finest! This sophisticated auction format gives sellers added control while still maintaining the excitement of competitive bidding. When an item has a reserve, the Bidder maintains the option to accept or reject the highest bid not meeting or exceeding the set reserve. Our specialists will guide you on whether a reserve auction best suits your assets.

RIGGERS – Heavy equipment and specialty machinery may require “Riggers” for safe removal and delivery to the winning bidder.  Hiring a rigger and rigger expenses are the responsibility of the winning bidder.  GRS has a resource page listing potential riggers.

SETTLEMENT – After the completion of each, the Seller is provided a detailed description of all items sold, the hammer price and total sale less the agreed upon Auctioneer Commission and any expenses including marketing there were negotiated prior to the auction