Unless an auction is advertised or announced to be without reserve, when a bid is made at an auction, it can be withdrawn if the auctioneer has not yet accepted the bid, because the auctioneer has the power of acceptance.

Question

Quizplus · Accepted Answer

In an auction with reserve, the auctioneer has the discretion to accept or reject bids, meaning a bid can be withdrawn before acceptance.

Unless an Auction Is Advertised or Announced to Be Without