ABSTRACT
Based on the foregoing chapters, the conclusion summarises the key findings of the research and provides answers to key theoretical issues covered in the book. It outlines the auction’s basic legal features comparing to the economic concept of auction. It presents the basic auction relationships and the legal nature thereof. It explains under what conditions internet auction is to be considered an auction in a legal sense and outlines the basic auction relationships thereat. It suggests how the uncertainties regarding the interpretation and application of the Resale Right Directive to auctions should be resolved. It clarifies the legal nature of auction guarantees and suggests solutions for solving controversies related thereto. Lastly, it outlines the conditions for lawful use of price-influencing tactics at auction both at the seller’s and the bidders’ side.
