Home   FAQ  Corporate Service  China  Q&A Regarding Auction Business (6) 

FAQ

SHARE

Corporate Service - China

Question

Q&A Regarding Auction Business (6)

Answer
Q: Can the consignor withdraw the auction item?
A: The consignor may withdraw the auction item before the auction commences. If the consignor withdraws the auction item, he or she shall pay the agreed fee to the auctioneer. Where no agreement has been made, the reasonable expenses incurred for the auction shall be paid to the auctioneer.

Q: Can the consignor participate in the bidding?
A: The consignor is not allowed to participate in the bidding, nor can they entrust others to bid on their behalf.

Q: What does "bidder" refer to?
A: A bidder refers to a citizen, legal person or other organization that participates in the bidding for the auctioned item.

Q: What conditions must bidders meet?
A: Where laws and administrative regulations stipulate the conditions for buying and selling auction items, bidders shall meet such conditions.

Q: Can bidders entrust agents to participate in the bidding?
A: Bidders may participate in the bidding on their own or entrust their agents to do so.

Language

繁體中文

简体中文

日本語

close