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".
During the last 24 hours, the Reserve Price can no longer be adjusted and the Reserve will be disclosed on your My Bid Page /Auction Watch.
Unsold items are returned to the sellers and are no longer available after the auction close.
Reserve price lowered
Up until 24 hours before the close of the auction, our consignors have the option of lowering their reserve, but the new reserve price can not match an Under Reserve Bid.
In this case, you are updated by email about the new reserve price.
During the last 24 hours the Reserve Price can no longer be adjusted and the Reserve will be disclosed on your Personal Bid Page /Auction Watch
If during the last 24 hours before the closing of the auction you still have under-reserve bids you have to raise your bid to win this item or your bid will lapse and the item remains unsold.
Unsold lots are no longer available after the auction is closed.
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.