All lots depicted on the ABLNetBid site are assigned a certain type of sale, reflected by a small icon. The following types of sale are offered: Auction Lots are auctioned online, i.e. pricing is based on an opening bid and subsequent predefined increments. If the minimum price is reached or exceeded at the end date of the auction, the highest bidder receives the knockdown automatically. Auction Standard refers to a lot entered by a customer himself. Auction Premium indicates that lots are entered and assessed by ABLNetBid. Trading Lots are offered on an open trading basis, i.e. bids must correspond to the 75%/100% ratio of the expected price (option). Bids are not accepted automatically. Closing is possible before the scheduled maturity, if the offered price criteria are met. Trading Standard refers to a lot entered by the customer. Trading Premium refers to lots entered and assessed by ABLNetBid. Live auction All Lots offered through a live auction are presented online in order to provide general information for any potential client. While written prior bids are accepted, knock down will only be during the course of the live auction.