What document must accompany any auction sale?

The document that must accompany any auction sale is the auction sales contract or receipt. This document serves as a crucial record of the transaction between the buyer and the seller and outlines the terms of the sale, such as the items sold, the sale price, and any conditions or warranties related to the auctioned items. Having this contract or receipt ensures that there is legal documentation supporting the transfer of ownership and provides both parties with a reference for future communications or potential disputes regarding the sale.

In an auction setting, it is important to have clear documentation to protect both buyers and sellers, as it establishes the rights and obligations of each party involved in the sale. This helps ensure transparency and accountability in the bidding process. While bid sheets, certificates of authenticity, and insurance policies may play roles in the auction process or relate to specific items being sold, none of these items serve the fundamental legal function that a sales contract or receipt does in anchoring the auction transaction.