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Oops. I started writing the reply & got distracted. Just read your last post. The short answer is that there is no highest limit. Just depends if there's 2 people who want it badly enough. I'm pretty sure that agents are actually supposed to quote a range for auctions but I notice that often...

The winning bidder must write a cheque on the day for 10% anyway & it's unconditional. In a climate with almost 90% of auctions selling it's not surprising that the vendor would prefer to leave it to the market. Why would they risk your deal falling over due to conditions & then have to start...

Y-Man is correct (at least as far as Vic is concerned). if a property passes in & you buy it after the auction it's still subject to an auction contract - i.e. unconditional.