Unless an auction is advertised or announced as being without reserve, the sale is with reserve, and the auctioneer may withdraw the goods at any time until he announces completion of the sale.

Question

Quizplus · Accepted Answer

In a reserve auction, the auctioneer has the right to withdraw the item if the bids do not meet the reserve price, unless it is explicitly stated as "without reserve."

Unless an Auction Is Advertised or Announced as Being Without