Auctioneer’s Lien – the right of an auctioneer to retain property, goods, and documents held on the seller’s behalf until the winning bidder has paid all that is owed

auctioneer’s lien:
(1895)

1. The right of an auctioneer to retain property, goods, and documents held on the seller’s behalf until the winning bidder has paid all that is owed for what has been sold, including the buyer’s premium and any expenses or liabilities properly incurred. [1]

1. The lien of an auctioneer, for his charges and commissions, upon the property entrusted to him and the sums coming into his hands.  7 Am J2d Auct § 61. [2]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

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