Which of the following is NOT typically tax-exempt when sold at auction?

In the context of auctions and taxation, jewelry is not typically considered tax-exempt when sold. Unlike items such as real property, motor vehicles, and livestock, which may have specific exemptions or different tax obligations based on state laws, jewelry generally does not qualify for tax exemption status.

When jewelry is auctioned, it is subject to sales tax because it is considered tangible personal property. This means that the seller must collect sales tax from the buyer, and that tax obligation is triggered by the sale at auction. The other options may be subject to exemptions or different taxation rules, which can vary significantly from state to state. Understanding the specific tax regulations applicable to these various items is crucial for auctioneers and sellers to ensure compliance with the law.