What is the Reserve Price?

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Reserve Price

The reserve price is a feature that allows the seller to set a minimum amount below which they do not wish to sell the item.

How it works:

  • The reserve price is set by the seller but is not disclosed to the participants of the auction.
  • During the auction, bidders are only informed whether the current bid has reached the reserve price or not, but the exact amount remains hidden.
  • If, by the end of the auction, the bids do not reach the reserve price, the auction is considered invalid and has no winner.

This ensures that the item will only be sold if the seller’s minimum desired price is met, providing an extra layer of security in the transaction.



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