---
title: "Preparation of Repeated and Re-Auction Proceedings"
url: "https://legal.ge/en/service/enforcement-services-en/preparation-of-repeated-and-re-auction-proceedings-en-3033"
field: "Enforcement Services"
description: "Repeated and re-auctions in Georgian enforcement proceedings: valuation, deadlines and cancellation under Articles 47, 50 and 76. Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-14"
publisher: "legal.ge"
---

# Preparation of Repeated and Re-Auction Proceedings

> Source: legal.ge, https://legal.ge/en/service/enforcement-services-en/preparation-of-repeated-and-re-auction-proceedings-en-3033

## Repeated and Re-Auction: What the Difference Means

In enforcement proceedings the compulsory realization of seized property takes place through a public auction, and the failure of the first auction does not mean the end of the process. The Law on Enforcement Proceedings distinguishes two scenarios: a repeated auction is held where no winner was revealed at the auction, and a re-auction where the winning person did not pay the price of the property within the period established by law. The difference between these two routes is practical: under Article 76 of the law, a re-auction is not counted as a repeated auction.

The realization of movable property takes place according to the rules established by Chapter XIII of the law, taking into account the specific requirements concerning auctions. For a creditor, a debtor or a prospective buyer, knowing these rules matters because the announcement of a repeated or a re-auction, the repeated valuation and the cancellation of results each occur under different conditions.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/enforcement-services-en/preparation-of-repeated-and-re-auction-proceedings-en-3033

### What is the difference between a repeated auction and a re-auction?

A repeated auction is held where no winner was revealed; a re-auction where the winner did not pay the price within the statutory period. A re-auction is not counted as a repeated auction.

### What happens to the guarantee if the winner does not pay?

The winner loses the amount submitted as a guarantee on the day of the auction; it becomes the property of the National Bureau of Enforcement.

### How quickly is the re-auction announced?

Within 3 days of the issuance of the order on the cancellation of the auction result.

### Can a pledgee still submit a claim after the auction?

A pledgee submits a monetary claim within 10 calendar days of receiving the notice; the proceeds first cover the remuneration and enforcement costs, and then the claims are satisfied by rank.