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Reserved / Minimum Price

Reserved / Minimum Price.   A minimum price has been set for this type of auction.  Meaning that if the auction never reached the "minimum price" required, there will not be a winner.

Reserve Price / Minimum Price

The minimum amount that the seller will accept for the item(s) being sold. This price is not disclosed to the Bidders. However, once a Bid (or Limit Bid if applicable) meets or exceeds the Reserve Price, the Bid form will indicate that "the reserve has been met" Reserve Bidding - Reserve Met!. If the bidding level does not meet the Reserve Price, the seller is not obligated to sell the Item to the High Bidder and the Item will be designated with Reserve Bidding - Reserve Not Met!.

For Standard Bidding items with a Reserve Price, there are several important scenarios described below where a Limit Bid is accepted. For Traditional Bidding items with a Reserve Price, please refer to the examples in the Traditional Bidding definition.

  • If a Bidder enters a Limit Bid which meets or exceeds the Reserve Price, which has not previously been met, then the Current Bid on the Listing will automatically increase to the reserve amount.


  • Example 1: The current Bidholder holds the Bid at $50 for a Listing that has a Reserve Price of $100. If the next Bidder places a Limit Bid of $100, the Current Bid will increase immediately to the $100 Reserve Price.


  • Example 2: The current Bidholder holds the Bid at $50 for a Listing that has a Reserve Price of $100. If the next Bidder places a Limit Bid of $120, the Current Bid will increase to the $100 Reserve Price and the High Bidder's Limit Bid will be $120.

  • Limit Bidding does not apply prior to reaching the Reserve Price.


  • Example 1: The current Bidholder, A, holds the Bid at $50 for a Listing that has a Reserve Price of $100. If the next Bidder, B, places a Limit Bid of $80, the Current Bid will increase to $80 for high Bidder B. Note that the reserve on the item has not been met.


  • Example 2: The Bidding opens at $50 for a Listing that has a Reserve Price of $100. If the first Bidder, A, places a Limit Bid of $70, the Current Bid will increase to $70. Note that the reserve on the item has not been met.

  • Limit Bidding does apply after reaching the Reserve Price.

  • Example 1: The current Bidholder, A, holds the Bid at $90 for a Listing that has a Reserve Price of $100. If the next Bidder, B, places a Limit Bid of $120, the Current Bid will increase to $100, the Reserve Price, for high Bidder B who has an undisclosed Limit Bid of $120. In this case, the reserve on the item has been met.

  • Example 2: The current Bidholder, A, holds the Bid at $120 for a Listing that has a Reserve Price of $100 and a minimum raise of $10. If the next Bidder, B, places a Limit Bid of $150, the Current Bid will increase to $130 ($120 + the min raise of $10) for high Bidder B who has an undisclosed Limit Bid of $150. The reserve has already been met.

  • A High Bidder may raise his/her own Current Bid, prior to reaching the Reserve Price, without placing the minimum acceptable Bid.

Example 1: The current Bidholder, A, holds the Bid at $60 for a Listing that has a Reserve Price of $100 and a minimum raise of $10. If Bidder A places another Limit Bid of $65, the Current Bid will increase to $65, for high Bidder A. The reserve on the item has not been met.