Many a time we have been asked what if one walked away from an auction after being the winning bidder. It is a suspicious question if it came from a vendor going to auction. We decided to investigate the issue and found there have been precedents.
An interesting fact that most bidders don’t know is that the auctioneer could sign on behalf of the winning bidder and the vendor if he so wished to do so. This implies that if we had a winning bidder whose details are known in the process registration and if the buyer making the winning bid decides not to sign the contract and walk the auctioneer could sign on his behalf.

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