What is the difference between Minimum Bid and Reserve?
• Minimum Bid : A minimum bid is the absolute minimum that you will accept for an item. This is the amount that an item will open for and if only one bid is received, it is the amount it will sell at. • Reserve Amount : A Reserve Amount is a buffer that is often placed to protect a seller from a bad auction. In the case where the seller list an item for one amount, but they believe that an item is worth a greater amount, they may use a reserve to allow them to legally not sell an item unless it reaches the reserve. This is a common technique used when a seller has no idea of an items value and is trying to see what it is worth to others as well as to themselves. Again: If the bidding never reaches the reserve, then there is NO winning bidder, and the item does not sell.
