beginnerAftermarket
Reserve Price
The minimum price a seller will accept in an auction — bidding must meet or exceed this to complete the sale.
A reserve price is the minimum price a seller is willing to accept in an auction. If bidding does not reach the reserve, the seller is not obligated to sell. Reserve prices are often hidden from bidders (hidden reserve) or occasionally disclosed (disclosed reserve). Auctions that end above the reserve are "reserve met" and binding; those that don't meet the reserve may allow post-auction negotiation.