What is required from an auctioneer when advertising and selling at an absolute auction?

At an absolute auction, the auctioneer must sell all items without a reserve price, meaning there is no minimum price set that must be met in order for a sale to occur. This approach allows for complete transparency and attracts bidders by ensuring that everything is to be sold, regardless of the price attained. The auctioneer's responsibility includes promoting this aspect in the advertising, which signals to bidders that they can potentially purchase items at any price, even if it is lower than expected.

Other options indicate conditions or restrictions that are not applicable in an absolute auction. For example, selling only high-value items or setting a minimum bid would contradict the nature of an absolute auction, where all items are sold at the best price possible with no limits. Allowing the owner to reject bids also goes against the principle of an absolute auction, as it implies a reserve or minimum price that must be achieved for a sale to take place.