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Can Auctioneers Bid On Items? |
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Answer» The auction house purchases items and SELLS them to the highest BIDDER. In most states, the SELLER or their agent (which can certainly include the auctioneer) may be allowed to bid on behalf of any minimum RESERVE prices set by the seller, as long as “SUCH BIDDING IS DISCLOSED” to the bidders. The auction house purchases items and sells them to the highest bidder. In most states, the seller or their agent (which can certainly include the auctioneer) may be allowed to bid on behalf of any minimum reserve prices set by the seller, as long as “SUCH BIDDING IS DISCLOSED” to the bidders. |
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