Q&A Regarding Auction Business (4)
| Q: | What should the auctioneer do about the auction item? |
| A: |
The auctioneer has the right to request the consignor to explain the source and defects of the auction item. The auctioneer shall inform the bidders of any defects of the auction items. |
| Q: | What obligations does the auctioneer have regarding the items being auctioned? |
| A: |
The auctioneer is obligated to keep the items delivered by the consignor for auction safe. |
| Q: | Can an auctioneer, after accepting a commission, instead entrust another person to conduct the auction? |
| A: |
After accepting a commission, the auctioneer may not entrust another auctioneer to auction without the consent of the consignor. |
| Q: | Can auctioneers participate in the auction activities they organize themselves? |
| A: |
Auctioneers and their staff shall not participate in the auction activities they organize as bidders, nor shall they entrust others to bid on their behalf. |
| Q: | Can auctioneers auction their own items? |
| A: |
Auctioneers are not allowed to auction their own items or property rights in the auction activities they organize. |

