Cautionary Notes for Auction Bidders

#15

01-21-2026, 02:24 AM

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Quote:

Originally Posted by Formula455SD

Seller would have to pay the buyer and seller premium to the auction. If title is not transferred the sale has technically not been made. If a sale is not made... sales tax would not be collected.

Would the seller not have to give the proof of ownership to the auction house to hold?
The house WANTS to be GUARANTEED it receives payment, BOTH sides buyer/seller.

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