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:

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An auction without reserve means that there is no minimum bid price set, essentially meaning that the auction item will be sold to the highest bidder regardless of the price. This increases the possibility of expensive items being sold for a low price if there is no competition among bidders. Auctions with reserve have a minimum price set for the item being auctioned, which ensures that the item will not be sold for less than that amount even if there is only one bidder. The presence or absence of advertisements does not directly affect the possibility of expensive items being sold for a low price at an auction.

There Is a Possibility of Expensive Pieces of Property Being