Article 45 of the Auction Law stipulates that the auctioneer shall publish the auction notice seven days before the auction date.
Additionally, other regulations have provisions
Auction of real estate, the auction should be announced seven days before the auction, that is, "the auction date minus 7"
Auction of real estate or other property rights, should be announced 15 days before the auction date, that is, "the auction date minus 15 "
Auction of equity is 10 days before
Auction of state-owned land use rights is 20 days before
Prospecting and mining rights is 20 days before
Ships auction is 30 days before
Article 48 of the Auction Law stipulates that the auctioneer shall display the subject matter of the auction prior to the auction and provide conditions and relevant information for viewing the subject matter of the auction. conditions and relevant information.
The display of the subject matter of the auction shall not be less than two days.
You said the situation depends on the auction is why did not succeed, if it is because the bidders did not reach a quorum, you need to re-convene the bidders to reach a quorum to carry out the auction. That is, the number of people enough to open the auction. Whether or not to re-advertise the auction is the right of the auctioneer (auction house).
If the auction is terminated, the consignor again commissioned the auctioneer to auction the same subject matter, it is a new auction, the auctioneer must re-issue the auction notice, and the announcement time shall not be less than the statutory time described above.