The item is passed when an auction lot does not meet its reserve price or the auctioneer does not receive any bids. Any surplus lots that are passed in one of our upcoming auctions are usually resold. If this happens again on a vehicle or consigned item, we will notify the owner/consignor. If we do not receive a response within two weeks, we will remove the item from our warehouse or sell it for storage. Under certain conditions, an auction sale may be completed, and the highest bidder recorded. However, the sale will be marked as a conditional sale. This indicates that the item has a reserve price, and before proceeding with the sale, the auction staff must confirm the offer price with the bank, consignor, or owner.