Any lot expected to return a high revenue may be fixed with a reserve price. A reserve price is a hidden minimum price; the minimum at which a seller would still be willing to let a certain lot go. If a reserve price has not been met once the auction ends, that particular lot will not be auctioned off.
When placing a bid lower than an item's reserve price, you will be informed immediately. Your bid will show up in the bidding log.
When placing an automatic bid higher than an item's reserve price, your first bid will automatically match that of the item's reserve price.
When placing an automatic bid below an item's reserve price, your maximum bid will be placed automatically, and show up in the bidding log.
If a reserve price has not been met once the auction ends, that particular lot will not be auctioned off.
When offering up a lot with a high expected revenue, you will be asked whether you wish to implement a reserve price.
When opting for a reserve price, you will be asked to enter the bare minimum at which you would be willing to sell your lot. Our auctioneers will need to review and approve your minimum selling price, so please be realistic.
If the auctioneer approves your reserve price, they will indicate an estimated revenue price range for your lot. This estimate will be mentioned alongside your lot. The estimated price range mentioned serves only as an indication, and offers no guarantees as to a lot's actual value.