How could an absolute auction benefit sellers?

An absolute auction benefits sellers by ensuring that items are sold quickly. In an absolute auction, there is no reserve price or minimum bid set by the seller, which means that bidders are encouraged to compete freely. The absence of a minimum bid can create a sense of urgency among potential buyers, leading to faster sales as bidders will want to take advantage of the opportunity to bid on valuable items at potentially lower prices. This competitive environment often results in increased interest and may even drive the final sales price higher than expected, while simultaneously streamlining the auction process to a swift conclusion.

In contrast, other choices like setting minimum bids or allowing rejection of unsold items do not align with the fundamental concept of an absolute auction, which emphasizes quick sales without restrictions on bidding.