Can I ask Texas Tech Online Auctions a question before I place a bid?
Yes. Whether you require additional information about the item, the payment terms, would like to determine shipping and handling costs, or have a general question, You may contact Texas Tech Online Auctions by clicking on the Customer Service link. Q: What is an Open Auction? A: In an Open Auction, buyers bid until the auction ends. The item is then sold to the highest bidder at the end of the auction period. Bidding can start as low as the Opening Value (minimum price or starting amount) of the auction. Q: What is a Reserve Price Auction? A: In a Reserve Price Auction, there is a Reserve Price, which is a price below which the listing will not sell. The Reserve Price is generally higher than the Opening Value. If the seller has set a Reserve Price you will see either a “Reserve Price NOT Met” or “Reserve Price Met” message on the listing page depending on whether the current bid is below, or at or above, the reserve price. If the highest bid at auction close does not meet the Reserve
