In a consignment auction, who determines the rules of sale between the auctioneer and the?

In a consignment auction, it is the seller who determines the rules of sale in conjunction with the auctioneer. The seller has a significant role in setting the terms under which their items will be auctioned, including aspects such as the starting bid, reserve prices, and any specific conditions that might apply to the sale.

The seller's interests and expectations profoundly influence the auction process, and the auctioneer’s role is typically to facilitate the auction and ensure that the seller's conditions are presented clearly to potential buyers. This dynamic allows the seller to exert control over how their assets are marketed and sold, making it essential for them to communicate their terms effectively to the auctioneer.

The other parties, such as buyers, bidders, or a commissioner, do not hold the authority to establish these rules. Instead, buyers and bidders must adhere to the conditions set forth by the seller and auctioneer, while a commissioner, if present, may oversee the auction but typically does not dictate terms of sale. Thus, the seller's authority in determining the rules of sale is critical to the operation of a consignment auction.