Some auctions have a Reserve Price. A Reserve Price is a hidden minimum price that the seller is willing to accept for an item.  In a Reserve Price auction, the seller is only obligated to sell the item once the bid amount meets or exceeds the Reserve Price.  A seller can lower, but cannot raise, the Reserve Price.

All Reserve Price auctions are clearly noted with a message next to the current or opening price.  This message will either say "Reserve not met" or "Reserve met".  As in all our auctions, all bids are binding, but an item will only sell to the highest bidder if the Reserve Price has been met.  If reserve price is not met at the end of the auction, the seller has 2 additional business days to make a second chance offer to the highest bidder or accept the highest bid. Note that the highest bid remains binding during this period.

When bidding in a Reserve Price auction, you should bid as you would in any of our auctions, by entering the maximum amount you're willing to pay for an item.  Our auction system will automatically bid on your behalf in the smallest increment possible to keep you in the lead, up to your maximum amount.  The only exception is that if your maximum bid is the first to meet or exceed the Reserve Price, our auction system will initially enter your bid in the smallest increment possible so that your bid meets the Reserve Price.

Close Window