What happens after an auction if house not sold

[Brandon Davis]

Hey guys,

Please bare with me, I'm very green.

I see houses going up for auction, for dirt cheap. The house does not sell at auction, and then, the price is listed at 3 or 4 times the auction price. I see that the real estate company took ownership of the property.

If a 30k pre auction house goes up to 165k after auction, is the house still negotiable at the pre auction price? Will the real estate company consider the old price? Thanks!