Every bid and therefore also the highest bid is binding. Normally this doesn’t occur. However, if this happens, we will try to collect the buyer’s commission and sell the car to the second highest bidder, if it is also above your minimum sale price.
We will also try to recover the difference between the highest and second highest bid (where necessary also on your behalf) from the highest bidder as compensation.
For example, your car is sold for 20,000 EUR but the buyer doesn’t pay. The next highest bid is EUR 19,500 and this buyer is still interested. We will make every effort to realize the compensation for the EUR 500 difference for you.
If the sale really does not work, we will of course include your Car in a new auction, whether or not after a short cooling-off period.