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This means that you may win an item for less than your maximum bid, however you can also be outbid if someone enters a higher maximum bid

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Vogue Vogue is probably one of the least recognizable brands on this list

Clause 1 (a) Each lot is put up subject to any reserve price imposed by the vendor (b) Subject to sub-clause (a) of this clause, the highest bidder for each lot shall be the purchaser thereof (c) If any dispute arises as to the highest bidder the auctioneer shall have absolute discretion to determine the dispute and may put up again and re-sell the lot in respect of which the dispute arises