There is a possibility of expensive pieces of property being sold at auction for a pittance simply because no one offered a higher bid.This possibility occurs only at an auction:

Question

Quizplus · Accepted Answer

This possibility occurs only at an auction without reserve, where there is no minimum bid or reserve price, and the highest bidder gets the property regardless of the bid amount. Without reserve auctions can lead to bargains for buyers, but not necessarily fair market value for the seller.

There Is a Possibility of Expensive Pieces of Property Being