In a with reserve auction, the auctioneer may refuse a higher bid (reserve the right to refuse …) ... where in a without reserve auction, any higher bid must be accepted. Said another way, in a with reserve auction, the auctioneer is not bound to sell to the highest bidder.

Can an auctioneer refuse to accept a bid?

Certainly, an auctioneer may refuse any bid they believe is not in the best interests of their vendor. ... Auctioneers must be firm with the direction they wish to take their auction and control the increments where possible.

Can an auctioneer reject the highest bid?

2. BIDDING At Auction And Submission Of Application : ... The highest bid may be rejected without assigning any reason. (4)In case of default, breach or non-compliance of any of the terms and conditions of the auction or misrepresentation by the bidder and/or intending purchaser, the earnest money shall be forfeited.