2006-10-27 02:01:13 · 26 answers · asked by § gαввαηα § 5 in Computers & Internet ➔ Internet
It's the lowest price that the seller will accept for their item; if the highest bid is less than this at the end of the auction, the seller isn't obliged to sell it.
2006-10-27 02:02:53 · answer #1 · answered by Anonymous · 2⤊ 0⤋
The seller sets a starting bid price which is lower than than the price he is actually willing to accept. So the initial price could be £1 but unless the bidding gets up to (say) £100 his reserve price is not met. When setting a reserve price the seller has to pay fees based on the reserve price not the starting bid. The theory is that starting with lower bids gets more people interested and the price ends up going higher.
2006-10-27 10:58:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It means the seller has a specific price they want for the item and the bids aren't high enough yet to get to that price. As soon as the bids get to the "reserve price" the reserve not met will go away. If it is something you really want contact the seller and ask if they would accept your offer.
2006-10-27 09:04:49 · answer #3 · answered by sensible1 1 · 1⤊ 0⤋
The seller can put a reserve on a product which is kept secret to the bidders, so the product only sells once the reserve has been met. The minimum reserve price is £50
2006-10-27 09:03:39 · answer #4 · answered by LadyDeville 3 · 1⤊ 0⤋
It means the seller has set a reserve so they have set a minimal amount there are prepared to sell that item for. If the bidding hasn't reached that amount by the end of the auction, the item will go unsold and it is a gamble that has not paid off for the seller - they shouldnt be so greedy!
2006-10-27 09:11:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The seller has put a reserve price on the item. The highest current bid isn't as high as the minimum price they are hoping to get.
2006-10-27 09:03:09 · answer #6 · answered by dait72 2 · 1⤊ 0⤋
The reserve is the minimum bid for which a seller is willing to accept for his object. If the reserve isn't met, it means that nobody was willing to agree to his minimum request.
2006-10-27 09:03:59 · answer #7 · answered by Jack 7 · 1⤊ 0⤋
The seller puts a reserve price on an item...the lowest amount they will accept for the item...if no one bids that amount [or higher] it will say..Reserve not met
2006-10-27 09:09:15 · answer #8 · answered by trivia buff 5 · 0⤊ 0⤋
someone may have put a reserve of say £20 for the item but the highest bid is only £19 so the reserve has not been met.xx
2006-10-27 09:03:50 · answer #9 · answered by nicola 3 · 0⤊ 1⤋
the person has reserved their item at a certain price, if the highest bid doesnt meet this, then the reserve price hasnt been met, therefore it wont be sold and the person will have to re-auction/sell it!
2006-10-27 09:03:16 · answer #10 · answered by J9 3 · 1⤊ 0⤋