Question

Macy's, an auction house, was slated to put up ten paintings for auction. During the course of the auction, the auctioneer announced that three of the paintings could be recalled at the discretion of the auction house. In such a scenario, the seven remaining paintings will be known as goods offered _____.

Answer 1

The correct answer is : without reserve

Step-by-step explanation:

It is also called an absolute auction. It happens when there is an auction in which the item for sale will be sold regardless of price. It means that the property is sold to the person who has the highest bid. One of the benefits of it is that it could draw in a larger number of people bidding who are looking for a better deal.