Absolute Auctions are simply explained as a property being sold to the greatest bidder no make a difference the end price, in effect there is no reserve selling price to be satisfied. It would seem that this could be a typical event but in all truth it is extremely uncommon that an auction toted as becoming ?absolute? is essentially that at all. There are some essential conditions that will basically have to be satisfied for an auction to be the right way classed as an absolute auction...
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