What is a reserve price?
[top] Reserve Price is the lowest price at which a seller is willing to sell an item, even though the Opening Price may be much lower. If the bidding does not meet or exceed this price, there is no sale. The Reserve Price is never disclosed to Bidders. If your maximum bid has met or exceeded the Reserve Price, your bid will be set at the Reserve Price. If your bid is lower than the Reserve, it will be displayed as entered. The high bid above the Reserve Price is marked with a Winning status while the bids below the Reserve Price are marked Losing.
The reserve price is the lowest price at which a seller is willing to sell an item. If the bidding does not meet or exceed the reserve price, the item will not be sold. The reserve price is never disclosed to bidders. The product detail page will inform you if the reserve price has been met or not. If a listing does not have a reserve price, the seller has agreed to sell to the highest bidder and cannot refuse for any reason. This reserve price should be above the minimum bid price. The auction begins at the minimum bid price.
A reserve price is the lowest amount you want to sell for. The seller must specify a reserve price for an auction. The reserve price is secret and is never revealed to anyone else. If an auction ends and nobody has matched the reserve price, Reserve Not Reached will show in the auction status box and a winning bidder will not be declared. The auction holder can lower the reserve price at any time by clicking the “Lower Reserve Price” link on their auction details page.
