Auction Law: Article 45 An auctioneer shall publish an auction announcement seven days before the auction date.
Detailed rules for the implementation of the auction law: Article 23 An auction announcement shall be published in newspapers or other news media 7 days before the auction and filed with the Municipal Commission of Commerce.
Provisions of the Supreme People's Court on Auction and Sale of Civil Execution Property by People's Courts: Article 11 An auction shall be announced in advance. Auction of movable property shall be announced seven days before the auction; Auction of real estate or other property rights shall be announced fifteen days before the auction.
However, the above legal documents do not stipulate that the auction results must be publicized, so they are usually not publicized.
According to the regulations, after the auction is completed, the buyer can pay the price to the people's court or remit the price to the account designated by the people's court within the time limit determined by the auction announcement or designated by the people's court.