What Does No Reserve Mean At An Auction - Web a reserve price is a minimum price that a seller would be willing to accept from a buyer. Web a no reserve auction is an engaging and transparent auction format where the seller offers an item without setting a minimum price, unlike traditional auctions. In an auction, the seller is not typically required to disclose the reserve. This means that the highest bid, no matter how low, secures the item. Unlike traditional auctions that use a reserve price—the minimum price a seller is willing to accept—a no reserve auction does not have this limitation. Web a no reserve auction, also known as an absolute auction, is a distinct form of auction where the sale item is guaranteed to be sold to the highest bidder, regardless of the price it fetches.
This means that the highest bid, no matter how low, secures the item. In an auction, the seller is not typically required to disclose the reserve. Web a no reserve auction is an engaging and transparent auction format where the seller offers an item without setting a minimum price, unlike traditional auctions. Unlike traditional auctions that use a reserve price—the minimum price a seller is willing to accept—a no reserve auction does not have this limitation. Web a no reserve auction, also known as an absolute auction, is a distinct form of auction where the sale item is guaranteed to be sold to the highest bidder, regardless of the price it fetches. Web a reserve price is a minimum price that a seller would be willing to accept from a buyer.