Article 466

Where the highest bid at a sale by auction does not reach a sum equal to the value specified in the proclamation, a second sale by auction shall be held after the issuance of a fresh proclamation in the manner and within the time specified for the first auction.

The beginning value for the second auction shall be half of the estimated value for the first auction.

Where no bidder presents himself at the second auction, the court may, notwithstanding any provision to the contrary, authorize the decree-holder to take possession of the property ordered to be sold at its estimated value in full or partial satisfaction of the decree, as the case may be.