Intellirex Reserve Price Auctions:
Reserve price is the minimum amount that the owner of an item up for auction will accept as the winning bid in the auction. The reserve price prevents the auction from being won by a bidder who offers a price lower than the item’s owner will accept.
Some auctions have a Reserve Price. A Reserve Price is a hidden minimum price that the seller is willing to accept for an item. In a Reserve Price auction, the seller is only obligated to sell the item once the bid amount meets or exceeds the Reserve Price. A seller can lower, but cannot raise, the Reserve Price.
A reserve price is the lowest price you’re willing to sell an item for. By using a reserve price you can set a low starting price for your auction – and boost interest
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