What should be included in the auction catalog?

Including a list of items with reserves and conditions of sale in the auction catalog is essential because it informs potential bidders about what to expect and the parameters of the auction process. This list allows bidders to understand which items may have minimum price thresholds (reserves) that must be met for the sale to occur and outlines the specific conditions under which the sale will take place.

Transparency in the bidding process is crucial for fostering trust among participants, and clearly listing items along with their respective terms encourages informed bidding and helps avoid disputes. Additionally, this practice protects the auctioneer by ensuring that all parties are aware of the auction rules and parameters before placing their bids.

Including details such as the auctioneer's history, legal disclaimers, or customer testimonials, while valuable in certain contexts, does not directly contribute to the operational clarity and integrity of the auction itself. The focus should always be on the items for sale and the specific terms governing those transactions.