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Q：
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What rights do bidders have?
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A：
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Bidders have the right to know about the defects of the auction items, to inspect the auction items and to consult relevant auction materials.
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Q：
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Can a bidder withdraw their bid after making it?
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A：
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Once a bidder has made a bid, it cannot be withdrawn. When another bidder offers a higher bid, the bid loses its binding force.
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Q：
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What does "buyer" refer to?
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A：
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The buyer refers to the bidder who acquires the auction item at the highest bid.
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Q：
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What are the consequences if the buyer fails to pay the auction price as agreed?
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A：
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The buyer shall pay the price of the auctioned item as agreed. If the buyer fails to pay the price as agreed, he shall bear the liability for breach of contract, or the auctioneer may, with the consent of the consignor, re-auction the auctioned item.
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Q：
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What does the original buyer need to do when the auction item is re-auctioned?
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A：
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If the auctioned item is re-auctioned, the original buyer shall pay the commission that he and the consignor should have paid in the first auction. If the price of a re-auction is lower than the original auction price, the original buyer shall make up the difference.
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FAQ
