"Absolute Auction" or "Absolute" applies only if and when expressly indicated and means an auction at which property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. This type of auction is also known as an auction Without Reserve.
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Ultra-Private L.A. County Mansion Heads to Auction Without Reserve By Casey Farmer mansionglobal.com – A newly remodeled estate in a private gated community in Diamond Bar, California, is headed to auction without reserve.
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