At wholesale auctions, can dealers be accompanied by a customer who bids only through them?

At wholesale auctions, dealers cannot be accompanied by customers who wish to bid through them. This practice is restricted to maintain the integrity and transparency of the auction process. The auctions are designed specifically for licensed dealers to transact with one another, ensuring that all transactions comply with regulatory standards and preventing any potential conflicts of interest or unfair bidding practices.

Having customers bid through dealers could complicate the auction process, create a lack of accountability, and potentially lead to situations where customers may influence bids or engage in practices that are not permitted. Therefore, only licensed dealers are allowed to participate directly in the bidding during wholesale auctions, which helps to uphold fair competition and minimizes the risk of fraudulent activity. Recognizing this, customers can only observe the auction environment without actively participating in the bidding process.