Vendor Bid at Auction

The Vendor is entitled to one bid only – if more than one Vendor, then still only one bid is allowed.

  • The Vendor’s right to bid must be notified in the conditions of sale by auction details which are set out in clause 18 of the Regulations.
  • The Auctioneer must clearly state that the bid is a Vendor bid.
  • Penalties apply for the Auctioneer if there is a failure to comply.