What ends up happening when the winning bidder at an auction cannot pay or does not pay?

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What ends up happening when the winning bidder at an auction cannot pay or does not pay?

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Anonymous 0 Comments

Depends. Some auctions require you to pay X before participating and that fee is not refundable (but counts against your winning bid). If you sign some sort of contract then the terms of such contract apply – if it states that the winner must pay or face penalties, then you do so.

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