What is a reserve?
A Reserve is a dollar amount which is determined by the seller and is kept behind the scenes and is the minimum amount which the seller is willing to accept for this item. The Reserve price may or may not be the opening bid price. The only way to know if the reserve price is the same as the opening bid price is by bidding on the item. Once the reserve price has been met the item discription will say “Reserve has been met”. The bidder who submits a bid which has reached the reserve price will be legally bound to purchase the item if there are no other bids placed before the end of the auction.
