The reserve price is the amount for which the seller is willing, and obligated to sell the item.
As a general rule, a reserve price is set at 20% under the low estimate.
If your bid happens to be lower than the "reserve price", the text message (*Reserve not yet met) will be shown.
You have to raise your bid until the "reserve price" is met.
Items are typically not sold under the "reserve price".
Please note that only bidders are able to see if their bid happens to be "under reserve".
Unsold items are returned to the sellers and are no longer available after the auction close.
Items sold without reserve !
Some consignors sell their items without reserve !
In this case, a message This item is sold without reserve is shown.
We usually start with one dollar, and the item sells for the starting bid or any amount at the close of the auction.