Who typically sets the auction format?

The auction format is primarily set by the auctioneer or the auction house hosting the event because they are responsible for determining how the auction will be conducted in order to facilitate a successful sale. This includes deciding whether the auction will be live, online, or hybrid, as well as the specific rules that govern the event, such as bidding increments and registration processes. They have the expertise and experience to tailor the auction format to the types of items being sold and the expected audience, ensuring that it aligns with both legal requirements and market best practices.

While sellers can influence some aspects by specifying their preferences or conditions for the auctioning of their items, it is ultimately the auctioneer or auction house that formalizes the structure. Participants may have preferences, but they do not typically engage in setting the format. Local governments may have regulations in place, but they do not typically dictate the specific auction format that an auctioneer chooses.