Scott you are wrong, here's the cliffnotes version.
"In an absolute auction, the seller has agreed to sell for the highest bid, regardless of the amount offered. The role of the auctioneer is to ratify the contract formed between the buyer and the seller. ... Bids above the reserve are binding, with the high bid ratified by the auctioneer when he declares the item sold."
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
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