One method to ensure proper auction conduct is?

Following the guidelines established by the Commission is essential in ensuring proper auction conduct. The Commission sets forth regulations and standards that govern how auctions should be conducted in a legal and ethical manner. These guidelines cover various aspects of the auction process, including licensing requirements, transparency in bidding, handling of funds, and fair treatment of all participants.

When auctioneers adhere to these established guidelines, they can help maintain the integrity of the auction process, which fosters trust among buyers, sellers, and the auctioneer. This adherence not only protects the interests of all parties involved but also helps prevent potential disputes and legal issues that may arise from non-compliance.

The other options may contribute to the auction's success but do not directly address the fundamental need for regulatory compliance, which is critical for the conduct of a legitimate auction. For instance, obtaining competitive bids is important for achieving fair market value but is not a substitute for following the legal framework set by the Commission. Encouraging negotiation may be beneficial in some contexts, but it lacks the regulatory backing needed for organized auctions, and limiting sales to high-value items does not encompass the full range of auction practices that may require oversight.