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Normally a seller will know roughly what their item will sell for, or will at least know the minimum amount that they are willing to let it sell at, and they will set a reserve price near that particular amount for their item especially if it is a valuable piece.
When you see "no reserve" it means that the seller has not set a miniumum amount that they will sell the item for and so if the final bid is 0.99 then the item will sell for 0.99, regardless of what it might actually be worth.
Sellers sometimes use the words "no reserve" to encourage bidding but when the item sells for less than they wanted they refuse to sell it to the winning bidder. In this case the seller should be reported to eBay for seller non-performance.
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∙ 12y ago
Anonymous
What does no reserve mean
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What does no reserve auction mean on jewelry?
If an item has a reserve price at an auction it means no matter the amount bid it will not sell unless it reaches the reserve price set by the seller. This price is not known by the bidder. In a no reserve auction the item will sell by the highest amount bid on the item this is known as a true auction.
What is a reserved bid at a car auction?
maybe you mean reserved price at a car auction? The seller set the reserve price he wants to really sell his car. The Buyers bid on that car till they achieve that reserve price. If the Buyer doesn't achieve the reserve price the car is not sold. It will be sold only if the reserve price is reached or higher.
What does it mean in a car auction reserve off?
No reserve means the seller will accept what ever the highest bid is. If an owner started the bidding with a reserve price (meaning minimum amount to sell at auction) and the owner, at some point during the bidding, asks to have the reserve removed (will then take highest bid) the term Reserve Off is used to say that now the car will go to the highest bidder.
What does nr mean stamped on jewelry?
NR stands for the designers Nancy & Rise, New York 1987
Can seller on eBay negotiate a higher price if bidder did not meet reserve?
Not sure what you mean the reserve is higher, bidder did not meet it and it is your minimum so there is nothing to negotiate.
Is eBays version of a Dutch auction a true Dutch auction?
Assumed you mean MarktPlaats.nl; it has been developed by a Dutch person, Bob Crebas, who later sold it to eBay.
What does reserve off mean in a car auction?
The sellers have the option of placing a protective price on the car. If the bidding doesn't reach that price, they are under no obligation to sell the car.
What does the French word 'reserve' mean?
The French word "reserve" can mean reserve, backup, or a place set aside for a certain purpose. It can also refer to a nature reserve or a reservation.
Where would find a sample invoices?
Log into your PayPal account and click on "Auction tools or preferences" under the profile.If you mean an eBay sample invoice, you need to go to your preferences, seller preferences.
If you set a reserve price on eBay and your item doesn't sell do you still have to pay the fee?
yes you do have to pay it still because when you put something to bid on eBay you are taking a chance that you will sell the item or not A wise man said these words once and by a wise man i mean me
What does it mean on eBay if shows 0 bids-bidding has ended?
Bidding on eBay ends when the duration of the auction is over. If it shows zero bids when the bidding has ended, the item did not sell. If the item sold, it will show the number of bids and the user id of the highest bidder who won the item.
What does PA mean in TV listings?
Parental Advisory
