What is a Reserve Price auction?
In a Reserve Price Auction, the seller has the option of setting a Reserve Price, which is a price below which the listing will not sell. The Reserve Price is higher than the Opening Value. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. 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, this price. Reserve Price NOT Met – The current amount of the highest bid is below the reserve price and the item will not sell at auction close.
In a Reserve Price Auction, the seller has the option of setting a Reserve Price, which is a price below which the listing will not sell. The Reserve Price is higher than the Opening Value. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. 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, this price.
In a Reserve Price Auction, WWE has the option of setting a Reserve Price, which is a price below which the listing will not sell. The Reserve Price is higher than the Opening Value. A reserve price allows WWE to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. If WWE 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, this price. • Reserve Price NOT Met – The current amount of the highest bid is below the reserve price and the item will not sell at auction close. • Reserve Price Met – The current amount of the highest bid is equal to, or greater than, the reserve price and the item will be sold. If you are browsing the site for items, look to see if there is a image beside the item’s title. This image lets you know in advance if the reserve price has been met. If th
A. Some auctions may be run with reserve prices. The reserve price is the lowest price at which a seller is willing to sell an item. The reserve price is never disclosed to bidders. A seller might specify a reserve price if he/she is unsure of the real value of his/her item and would like to reserve the right to refuse to sell the item if the market value is below a certain price. During an auction, an annotation will be displayed in the item information screen if the seller has specified a reserve price. The seller specifies the reserve price when he/she lists an item. This price should be above the minimum bid price. The auction begins at the minimum bid price. When a bidder’s maximum bid is equal to or greater than the reserve price, the item’s current price is raised to the reserve price. At this time, the item information will indicate the reserve price has been met. The bidder is also notified that his/her bid met the reserve. Please note, reserve price auctions are not available
