Condition Report

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Auction Dictionary

Buyer’s Premium

For purchases made in the room or by phone or by absentee bid and paid for by check, cash, money order or wire transfer: A buyer’s premium will be applied to the hammer price of each lot equal to 25% on the first $250,000 and 20% on that part of the hammer price above $250,000.

Methods of Bidding

A Rago agent relays your live bids

Bid Live by Phone

Payment

On the fall of the auctioneer’s hammer, title to the property immediately transfers to the successful bidder.

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