What happens if you bid at an auction and don’t pay?

What happens if you bid at an auction and don’t pay? You bid, you won, you committed to buy. If you don’t pay, you’ve just cost the seller time, effort, sales & money. And the seller will report you for not paying. So you the buyer will get a non-paying bidder strike. What happens if … Continue reading What happens if you bid at an auction and don’t pay?