Maybe some different wording. I looked for this a while ago, and ran across it today. Big stamp auction house, and this wording was placed prominently right on the cover of the printed catalog.
"Lots from Sales 1084, 1085, 1089 and 1090 are being reoffered on behalf of 38 consignors, in accordance with Conditions of Sale paragraph 7, which gives Siegel Auction Galleries the right to resell lots in the event a buyer fails to pay for purchases. Clear title will pass to all new buyers in this resale. Siegel Auction Galleries will continue its pending legal action to seek damages from the defaulting buyer. "
From
https://siegelauctions.com/sales.php?sale_no=1100
Pretty much the harshest I've seen from a big place. But then, if they had enough deadbeats to fill a whole auction it's understandable.
Steve B