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Can an auctioneer advance the bid?

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Anonymous

13y ago
Updated: 8/20/2019

Yes, but only if they have the profits to.

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Wiki User

13y ago

What else can I help you with?

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Do you have to be a certified auctioneer to bid on unclaimed storage units in Canada?

You don't have to be an licensed auctioneer to bid, but you have to be an auctioneer to call bids.


Can the auctioneer bid at a storage locker auction?

I do not believe the auctioneer can bid on the unit being auctioned. Check specific state lien laws though. They vary quite a bit from state to state.


What does an auctioneer use?

Traditionally an auctioneer would use a gavel, which is a small ceremonial mallet commonly made of hardwood, this would be struck against another piece of wood to indicate a winning bid for the item being sold.


How does a bidder at a live auction indicate to an auctioneer that the bidder will not bid higher?

Usually the auctioneer points at you or says something that stands out about you and gives you a higher price, and usually the bidder shakes his head or shakes his finger to indicate that he won't be going higher


Can you bid again?

Yes, you can bid again in most auction settings, as long as the bidding is still open and you have not reached the maximum bid limit set by the auctioneer or platform. However, specific rules may vary depending on the auction type, so it's essential to check the guidelines provided by the auctioneer. If you are outbid, you can place a new bid to try and win the item.


Can auctioneer refuse to accept highest bid?

Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the hammer. A bidder may withdraw his or her bid at any time before the fall of the hammer, but any bid in any event lapses as an offer on the making of a higher bid, so that if a higher bid is made, then withdrawn before the fall of the hammer, the auctioneer cannot then purport to accept the previous highest bid. If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder (because the placing of goods in the auction is an invitation to treat) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve (i.e., that the highest bid, however low, will be accepted).


Who is the agent who sells goods to those who bid at the highest price?

Auctioneer, seller, trading assistant, consignor


Can the auctioneer bid at an auction?

Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the hammer. A bidder may withdraw his or her bid at any time before the fall of the hammer, but any bid in any event lapses as an offer on the making of a higher bid, so that if a higher bid is made, then withdrawn before the fall of the hammer, the auctioneer cannot then purport to accept the previous highest bid. If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder (because the placing of goods in the auction is an invitation to treat) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve (i.e., that the highest bid, however low, will be accepted).


What an auctioneer uses?

Traditionally an auctioneer would use a gavel, which is a small ceremonial mallet commonly made of hardwood, this would be struck against another piece of wood to indicate a winning bid for the item being sold.


How do you Buy Auctioned Cars and Save Money?

To buy auctioned car and save money you will have to go to the auctioneer and bid at a lower price.


Is a bid at a silent auction leagely binding?

Yes, a bid at a silent auction is generally considered a legally binding offer. When a bidder places a bid, they are entering into a contract with the auctioneer or the seller, indicating their intention to purchase the item at the bid amount if they win. However, specific terms and conditions outlined by the auction organizers can affect this, so it’s important for bidders to understand the auction rules before participating.


How do you bid on a horse?

1. go to auctions. 2. click on the horse you want to bid for. 3. there is a button that says something along the lines of "bid higher". 4. check on the bid often. if someone bids higher than you, click the "bid higher" button again. you can click it as many times as you want.