In a reserve auction, can an auctioneer refuse small increment bids?

In the context of a reserve auction, the auctioneer does have the authority to refuse small increment bids, particularly if they have set a minimum opening bid for the auction. A reserve auction allows the seller to set a minimum price that must be met for the item to be sold. If the bids do not reach this minimum or if they are considered too small by the auctioneer in relation to the established increments, they can choose not to accept those bids.

The auctioneer's role includes managing the bidding process and ensuring that the auction proceeds efficiently. If they feel that a bid does not meet the expected increment amount or falls short of the minimum opening bid they have established, they have the discretion to refuse such bids. This rules out the necessity to accept every bid, particularly those deemed too small or trivial, which could disrupt the flow of the auction.

In reserve auctions, the autonomy afforded to the auctioneer is a fundamental principle that allows them to maintain control over the bidding dynamics and ensure that the seller's interests are upheld.