Is it true that an auctioneer must accept any bid from any person?

An auctioneer is not obligated to accept every bid from every individual. The fundamental principle of an auction allows the auctioneer to have discretion in accepting or rejecting bids. This means that they can choose to only accept bids from registered bidders or those who meet certain requirements.

In many cases, particularly in private auctions or those with specific terms and conditions, auctioneers may set guidelines for who can bid. For example, they might require pre-registration, or they may only accept bids from individuals who meet certain financial criteria or qualifications. Additionally, the rules may vary depending on the type of auction, such as a reserve auction where the seller has set a minimum price that must be met.

Ultimately, an auctioneer's authority to manage the bidding process is crucial to ensuring that the auction operates smoothly and fairly, without necessarily having to accept every bid made by every person present.