Q&A Regarding Auction Business (1)
| Q: | What does an auction refer to? |
| A: |
Auction refers to a trading method in which specific items or property rights are transferred to the highest bidder through public bidding. |
| Q: | What are the requirements for the auction event? |
| A: |
Auction activities shall abide by relevant laws and administrative regulations and follow the principles of openness, fairness, impartiality and good faith. |
| Q: | What does the auction item refer to? |
| A: |
The auction item should be an item or property right that the consignor owns or is legally entitled to dispose of. |
| Q: | What items cannot be used as auction items? |
| A: |
Items or property rights prohibited from being traded by laws and administrative regulations shall not be used as auction subjects. |
| Q: | What needs to be done before the auction of cultural relics entrusted for auction? |
| A: |
For cultural relics entrusted for auction, they shall be lawfully appraised and permitted by the cultural relics administrative department of the place where the auctioneer resides before the auction. |

