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How does a Reserve Auction differ from an Absolute Auction?

April 26, 2017auction differ Reserve

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How does a Reserve Auction differ from an Absolute Auction?

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Unlike an Absolute Auction, in a Reserve Auction a minimum price (or reserve) must be met in order to sell the property. This reserve may be disclosed to the Buyers or may be kept confidential with the Seller.

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Unlike an Absolute auction, in a Reserve auction a pre-determined price (or reserve) must be met in order to sell the property. This reserve may be disclosed to the buyers or may be kept confidential with the seller.