What does the term "advertisement" refer to in the context of auction services?

In the context of auction services, the term "advertisement" specifically refers to a written communication that offers property by auction. This is important because advertisements play a crucial role in informing potential bidders about the details of the auction, including what items are being sold, when the auction will take place, and any specific terms related to the bidding process. A well-constructed written advertisement serves to attract bidders and generate interest in the auctioned items, ensuring a successful sale.

While other forms of communication, such as verbal solicitation or electronic notifications, can serve to promote the auction or inform bidders, they do not strictly fit the definition of an "advertisement" in this context. Therefore, distinguishing written advertisements is essential for legal and practical purposes within the auction industry.