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.
