If your lot does not meet reserve, it will be passed in and may be entered into a future auction.
If a lot remains unsold
Where a lot remains unsold across multiple auctions, the reserve may need to be reduced in line with LANGTONS’ selling terms.
Over time, the lot may:
- be re-entered into future auctions
- move to house reserve
- move to unreserved sale
- eventually be classified as No Commercial Value if it repeatedly fails to sell
What is an unreserved auction?
An unreserved auction means the lot is listed with a reserve of $2, bidding starts at $2, and a bid of $2 or more will sell the lot.
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Need assistance?
From buying and selling to delivery, storage and account support, our team is here to assist.
For personalised guidance, please contact your Private Client Manager or submit an enquiry via our Customer Experience and Auction contact form.
If you would prefer to speak with us, please call 1300 946 347 and follow the prompts so we can direct your enquiry to the appropriate team.