Bidding Procedure and Regulation
Merchandise will be sold by competitive bidding, and cannot be
withdraw, or refuse any bid that exceed the reserve price.
A buyer can revise a previous bid cast by casting a correction
bid, and the highest correction bid will be recognized as a buyer's
final bid and will cancel a buyer's previous bid.
If more than one bid have been received in the same amount for
a particular lot, the Association may determine the acceptable
bid by a draw.
All bids must be expressed in Japanese Yen in a minimum units
of 100,000 Yen.