National Hockey League

This is considered to be the premier professional ice hockey league in the world and is one of the major professional sports leagues in the United States and Canada. It comprises 32 teams, 25 from the U.S. and 7 from Canada.

Stanley Cup

This is the trophy awarded to the winner of the annual play-off that culminates the season of the National Hockey League. The cup’s donor was a Governor-General of Canada, Frederick Arthur, Lord Stanley of Preston, for whom it is named. It was first awarded in the 1892–93 season and became the sole property of the NHL in 1926.

The International Ice Hockey Federation (IIHF)

This is the worldwide governing body for ice hockey. It has  82 members countries and is based in Zurich, Switzerland.

Memorabilia

These are objects and items that are collected because they are connected with a person or event that is thought to be very interesting or famous.

Auction

This is a public sale in which goods or property are sold to the highest bidder. This can be online or physically at a location.

Auction House

An auction house is a company that facilitates the buying and selling of assets, such as works of art and collectibles. An auction house may sometimes refer to the facility where an auction is taking place.

Bid-Wanted Announcement

“Bid wanted” refers to an announcement that the investor is selling a security, telling interested parties that they can send in bids.

Bid

A bid is an offer made by a trader or dealer to buy an item that stipulates the price and the quantity the buyer is willing to purchase.

Sealed-Bid Auction

This is a process in which none of the bidders knows how much the other participants have bid.

A Market

A market is a place where two parties, usually buyers and sellers, gather to facilitate the exchange of goods and services. The memorabilia collection industry is a very big market.