If a bid is made while the hammer is falling in acceptance of a prior bid, the auctioneer has the option to reopen the bid.

Question

Quizplus · Accepted Answer

In many auction settings, if a bid is made while the hammer is falling in acceptance of a prior bid, the auctioneer has the discretion to reopen the bidding. This allows for the inclusion of last-minute bids and ensures that the highest possible offer is obtained for the item being auctioned.

If a Bid Is Made While the Hammer Is Falling