Leon Gallery issued a notice to bidders
about the development, but maintained that the piece to be auctioned off was authentic and revealed that "the distinguished gentleman" who owned the piece was actually the late National Artist for Literature Alejandro Roces, also a former education secretary and president of Far Eastern University.
Look through the following general information: The important Notice to Bidders
The Memorandum of Sale The General Conditions of Sale (many auctioneers already use RICS Common Auction Conditions, which you can download free at www.rics.org/cac Try to obtain the specification information, relating to the lot (or lots) you're thinking of buying.
n Read the Important Notice to Bidders
, the Memorandum of Sale and the general conditions of sale.
Even the title varies, being called a "Pre-solicitation Notice" by the federal government, and a "Notice to Bidders
" or "Advertisement for Bids" by other agencies.