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* 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
What else can I help you with?
WHAT IS open bidding or tendering?
A bidding process that is open to all qualified bidders and where the seales bids are opened in public for scrutiny and are chosen on the basis of price and quality.
Four letter word for start the bidding ending in n?
Open
When can Britain bit for the Olympics again?
2024 has the bidding is still open
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.
What does NR mean when it comes to diamonds?
Depending on the context -- the sentence or phrase where NR is used -- it may mean 'natural round'.
How do you close?
Open in reverse
Advatages of selective bidding?
Selective bidding helps a business focus on their core competencies. When a business bids on all open bids they could get a project that doesn't align with their strategy.
How do you open rules text on minecraft?
There are no rules!
How do foreclousers work?
Generally peoples go for foreclosure due to shortage of money. its an open bidding for purchase a home.
What is the significance of the "don't" convention in bridge bidding strategies?
The "don't" convention in bridge bidding strategies is significant because it allows players to indicate a preference for a specific suit without committing to a bid in that suit. This can help convey valuable information to their partner while keeping their options open during the bidding process.
Are there any rules in the French Open?
Yes The normal rules of tennis.
What is a sort of auction for stocks in which traders verbally submit their offers?
Open outcry
