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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.
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What does nr mean stamped on jewelry?
NR stands for the designers Nancy & Rise, New York 1987
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.
Can you reserve an auction on Howrse?
You cannot reserve a sale for someone unless you have access to the private sales, then you can input their name in the reserve box and no one else can enter the sale. Auctions are open for anyone to bid. Attempting to "Reserve" an auction is against the rules.
Is a reverse auction different from a regular auction?
In reserve auction, there is a maximum price for the particular auctioned item, and the bid reaches here, then the seller can not increase but lower the reserve price. In a regular auction, the Reserve price is the maximum price for the auctioned item that the seller willing to accept. You can go and check out for live auctions that are running on banknilami website. You can participate there.
Can Sarah Coventry jewelry be sold in an auction as collectibles?
Sarah Coventry jewelry is available on internet as vintage collection , which make it unlikely to be sold in auction as collectible.
Which of these cost more at a time 1a piece of painting bought at auction or 2a piece of jewelry bought at auction?
a ppainting bought at auction.....
What happens if an auction reserve isn't met?
The item doesn't sell
What is definition of absolute auction?
There is no reserve--whatever the high bid is--it sells for that amount.
What is a reverse auction with open bidding rules?
* Reserve auction is an auction where the item for sale may not be sold if the final bid is not high enough to satisfy the seller - that is, the seller reserves the right to accept or reject the highest bid.[32] In these cases a set 'reserve' price known to the auctioneer, but not necessarily to the bidders, may have been set in advance below which the item may not be sold.[31] A reserve auction is safer for the seller than a no-reserve auction as they are not required to accept a low bid, but this could potentially result in a lower final price than might otherwise be the case if this means that less interest is generated in the sale.[32] * http://en.wikipedia.org/wiki/Auction
Can you find authentic brand name jewelry at jewelry auctions?
You may find many authentic brand named jewelry at jewelry auctions. They sell a wide variety of jewelry so anything can be found at a jewelry auction.
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.
