That word "auctionese" should really get added to the common dictionaries (Oxford, Merriam-Webster...) sometime!
Now you're all set to enter the heady world of auctions! Do remember plenty of asterisks and bangs though. They're subliminal signals and will make people automatically bid more. WOW!
This guy shamefully forgot about using a 24+ pt font
because most of the bidders are all blind as bats. Yes, sure.