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A no reserve auction is a type of auction where there is no minimum price set for the item being sold. This means that the item will be sold to the highest bidder, regardless of how low the bid may be. This approach can encourage bidding, as potential buyers may feel they have a chance to acquire the item at a lower price. However, sellers risk selling their item for less than its market value.
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What does it mean if an auction is with reserve?
If an auction is with reserve, it means that the seller has set a minimum price that must be met before they are willing to sell the item. If the bidding does not reach this minimum price, the seller is not obligated to sell the item.
What happens if an auction reserve isn't met?
The item doesn't sell
What kind of auction is a 99p no reserve?
There are many auctions that are offered at 99p no reserve. The very best website for finding 99p no reserve is a site called eBay that has the most auctions online.
What is no reserve action mean?
A "no reserve action" typically refers to a type of auction or sale where there is no minimum price set for the item being sold. This means that the item will be sold to the highest bidder, regardless of the bid amount, allowing for the possibility of it selling for a very low price if there is limited interest. This approach can encourage more bidding activity, but also carries the risk of the seller not getting a desirable price.
What does reserve capacity mean?
reserve capacity  noun Automotive .the capacity of a battery, measured in minutes, to keep a vehicleoperating if the charging system fails.
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 does it mean if an auction is with reserve?
If an auction is with reserve, it means that the seller has set a minimum price that must be met before they are willing to sell the item. If the bidding does not reach this minimum price, the seller is not obligated to sell the item.
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.
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
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 kind of auction is a 99p no reserve?
There are many auctions that are offered at 99p no reserve. The very best website for finding 99p no reserve is a site called eBay that has the most auctions online.
What is a static auction?
A static auction is run online. The seller sets the reserve price and this allows the bidders to place bids around the clock, if desired. Ebay is one example of a static auction.
