What activities are included in auction day set-up?

The correct answer encompasses essential tasks that ensure a successful auction event. Preparation of auction items involves organizing, cataloging, and displaying items that will be auctioned to attract bidders. This preparation is vital for providing information to potential buyers and helps set the tone for the event.

Financial management tools are equally important during the setup. These include ensuring that the payment systems are in place, managing the auction’s budget, and preparing documentation for bids and sales, which are crucial for tracking financial transactions effectively throughout the auction process.

These activities directly contribute to the operational success of the event, as they help create a seamless experience for both the auctioneer and bidders. Proper preparation lays the groundwork for an organized auction, minimizing confusion on auction day and allowing for a better experience and potentially higher bids.