If I am a winning bidder can I refuse to pay?

By entering a bid, you extend a contractual offer to purchase the associated asset at the price set forth in the offer, thereby legally obligating yourself to complete the purchase of any items awarded to you. According to the Buyer Agreement you must consummate the purchase of the asset at the price of the offer and you agreed that such accepted offer is a valid, binding and enforceable contract against it and may also be specifically enforced by GSEmarket.com as a third party beneficiary of this agreement.

If you are a winning bidder but refuse to pay, the auction can label you a “non-paying bidder.” The consequence of failure to complete the purchase of such items may result in your permanent suspension from GSEmarket.com.