Reserve Price Auctions
- When an Auction has a reserve price the message "reserve met" or
"reserve not met" will appear next to the current price.
- In a reserve price auction the seller sets a price
which is the minimum they will accept for the item.
- The reserve price allows the auction to start at an
'attractive' low price while stopping the item selling
for a low price.
- eBay says "A reserve price is a tool sellers can use to stimulate bidding on their item while reserving the right not to sell below a price they have in mind."
- There is an extra listing fee for reserve price auctions which is refunded if the item reaches its
reserve price. The fee is based on the value of the reserve price.
- When bidding on reserve price auction, if the reserve has not yet been reached and you place a
proxy bid which is above the reserve you will then become the winning bidder at the reserve price.
When this happens the current price can make a much higher jump then you might have expected.
- The reserve price can be thought of like a proxy bid placed by the seller which the buyers need
to exceed before they can win the item.
- Some sellers will tell you the reserve price if you ask them, click on their name and send them a
question.
- Likewise some buyers will not bid on Reserve price auctions.
Reserve Price Help Page
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