I’m not sure how to begin this story … other than to say that I had never heard of this type of auction nor this type of bid calling...

Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...

Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...

This does happen also, but not nearly as often as a buyer not performing. What we have in this case is a seller who, after the...