Auction glossary
Withdrawn lot
Also known as · Withdrawal
- Definition
- A lot removed from a sale after the catalogue was published, for example at the consignor's request, because of a doubt about authenticity or title, or after damage. It is announced before or during the sale and not offered.
A withdrawn lot keeps its lot number, so the rest of the catalogue numbering does not change. The withdrawal must reach every channel quickly: absentee bidders, phone bidders and each online platform. Depending on the consignment contract, the consignor may owe a withdrawal fee.
In Selloff, a lot's status can be set to withdrawn in the view/change sale screen, and no further bids can be recorded on lots removed from a catalogue.
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