When a bid is made at an auction, it can be withdrawn if the auctioneer has not yet accepted the bid, because the auctioneer has the power of acceptance.

Name: When a bid is made at an auction, it can be withdrawn if the auctioneer has not yet accepted the bid, because the auctioneer has the power of acceptance.
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The auctioneer has the power of acceptance, meaning they have the authority to accept or reject a bid. If the auctioneer has not yet accepted the bid, the bidder has the right to withdraw it.

When a Bid Is Made at an Auction, It Can