Unless an auction is advertised or announced to be without reserve, a bid made at an auction can be withdrawn if the auctioneer has not yet accepted the bid.

Question

Quizplus · Accepted Answer

In an auction without reserve, once a bid is made, it cannot be withdrawn if it is the highest bid because the auctioneer is obligated to accept it. However, in auctions not explicitly stated as without reserve, a bidder can retract their bid before the auctioneer announces its acceptance, making the bid revocable until accepted.

Unless an Auction Is Advertised or Announced to Be Without