The Role Of The Auctioneer
The auctioneer acts as an agent for each seller and it is their job to prepare the catalogue, from information supplied by, or on behalf of, each seller.
For the duration of the auction the auctioneer’s decision on the conduct of the auction is final; they can cancel it, withdraw lots from sale, or alter the order in which lots are offered for sale.
This means that the auctioneer can even choose to refuse a bid, and with no obligation to explain their decision. They are entitled to resolve any dispute over bidding and their decision is final.
The Auctioneers are essentially acting as agents for the seller and are therefore open to offers placed by bidders before the day of the auction resulting in a possible sale before the auction.
Likewise, if a property does not sell at the auction because the reserve has not been met, the auctioneer, still acting as an agent, will be open to listen to offers from bidders after the auction has finished.
Happy bidding!
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