Auctioneer’s Discretion Clause Samples

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Auctioneer’s Discretion. Profiles shall determine opening bids and bidding increments. The auctioneer has the right in its absolute discretion to reject any bid in the event of dispute between bidders or if the auctioneer has doubt as to the validity of any bid, to advance the bidding at its absolute discretion and to determine the successful bidder in the event of a dispute between bidders, to continue the bidding or to reoffer and resell the lot in question. In the event of a dispute after the sale, Profiles’ record of final sale shall be conclusive. The auctioneer also may reject any bid and withdraw the lot from sale if the auctioneer decides either that any opening bid is below the reserve (see paragraph 5 below) of the lot or article or that an advance is insufficient. Unless otherwise announced by the auctioneer at the time of sale, no lots may be divided for the purpose of sale.
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Auctioneer’s Discretion. AMC and/or auctioneer has the sole and absolute discretion to: (i) withdraw any Lot, (ii) divide any Lot; (iii) combine any two or more Lots; (iv) refuse any bid, (v) advance the bidding, including changing the increments, in such a manner as he may see fit and, in the event of error or dispute, (vi) to determine the successful bidder, to continue the bidding, to cancel the sale, or to reoffer and resell the disputed Lot. Wherever AMC and/or auctioneer exercises its discretion, its decision is final, binding and conclusive in all respects.
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Auctioneer’s Discretion. ▇▇▇▇▇▇’▇ shall have complete discretion as to: a) The place and date of sale and the way such sale is conducted, including the conditions of sale then in effect, b) The illustration, if any, and the description of the property in our catalogues and other literature, c) Seeking the views of any expert, either before or after the sale, d) The combination or division of the property into such lots and / or separate auctions or sales as ▇▇▇▇▇▇’▇ in our sole judgement may deem appropriate, e) Withdraw a lot from auction, f) Determine the most suitable action for the lot. COMMISSION: ▇▇▇▇▇▇’▇ will receive and retain from the proceeds of the sale of the property a commission from consignor based upon the aggregate final bid price, also known as ‘hammer’ price, of all property consigned. ▇▇▇▇▇▇’▇ standard commission is charged on a per-­‐item basis. ▇▇▇▇▇▇’▇ shall also receive and retain a premium, to be collected from the buyer, of a percentage of the final bid price depending on sale type.
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Auctioneer’s Discretion. Pro!les shall determine opening bids and bid- ding increments. The auctioneer has the right in its absolute discretion to reject any bid in the event of dispute between bidders or if the auctioneer has doubt as to the validity of any bid, to advance the bidding at its absolute discretion and to determine the successful bidder in the event of a dispute between bidders, to continue the bidding or to reoffer and resell the lot in question. In the event of a dispute after the sale, Pro!les’ record of !nal sale shall be conclusive. The auctioneer also may reject any bid and withdraw the lot from sale if the auctioneer decides either that any opening bid is below the reserve (see paragraph 5 below) of the lot or article or that an advance is insu#cient. Unless otherwise announced by the auctioneer at the time of sale, no lots may be divided for the purpose of sale.
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Auctioneer’s Discretion. The Auctioneers have the right to: a) Refuse any bid. b) Advance the bidding at his own discretion. c) Decide whether there has been a dispute as to the bidding and, if so, immediately re-offer the lot in question. d) ▇▇▇▇▇▇, combine, and withdraw any lots. e) Exclude any person from the Auction process
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Auctioneer’s Discretion. ▇▇▇▇▇ and/or the auctioneer shall have the sole and absolute discretion to: (i) withdraw any Lot; (ii) divide any Lot; (iii) combine any two or more Lots; (iv) accept or refuse any bid (whether made in in person or through an agent, or through absentee, telephone, online, or mobile app bidding, or by other means); (v) advance the bidding, including changing the increments, in such a manner as deemed appropriate; and
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Related to Auctioneer’s Discretion

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  • General Servicing Procedures Section 6.01

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