2007-03-12 09:07:44 · 10 answers · asked by michael 1 in Business & Finance ➔ Other - Business & Finance
The seller of an item puts a reserve bid on that item, which is an unknown amount to the people bidding.Then they put a starting bid on it also. If the people that are bidding on the item don't get the amount high enough to surpass the reserve bid, the seller can remove the item.
Say for instance if the item is valued at $800.00 the seller may start out the bid at $550.00 and then they want the bidding to generally go higher than the $800.00 The seller wants to make a profit on his item. Hope this helps you.
2007-03-12 09:39:49 · answer #1 · answered by ♥ღ♥Jeanene♥ღ♥ 6 · 0⤊ 0⤋
Yes- the reserve is the minimum that the seller will sell the item for. If the reserve is not met, the item is not sold, regardless of bids. If you want to buy the item, bid again at a higher price until it has been met.
2007-03-12 09:11:28 · answer #2 · answered by Heidi B 3 · 1⤊ 0⤋
it basically means you have not met the sellers lowest asking price, so your bid doesn't count. Once you bid up to the sellers reserve price that will automatically be your bid even w/o competition.
So if the reserve is set at 300 and you bid 280 you will have to go up at least 20 more to meet reserve price.
2007-03-12 09:12:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
it means the seller is not willing to sell it for less than a certain price and your bid doesn't meet that price yet that he has set. Once the bids reach his price it will no longer say that. It never works in the buyer's favor, as the seller will not sell it to anyone that doesn't meet his reserve price. If you place a bid and it says that then the seller is not obligated to sell it to you.
2007-03-12 09:12:29 · answer #4 · answered by Anonymous · 1⤊ 0⤋
The reserve price is the lowest price the seller will accept for their item, if your winning bid is lower than the reserve the seller is under no obligation to complete the transaction with you
2007-03-12 09:12:12 · answer #5 · answered by Michael F 5 · 1⤊ 0⤋
A reserve is a minimum price that the seller will sell the item.
If the reserve isn't met at the time the auction is over, the item isn't sold.
2007-03-12 09:11:12 · answer #6 · answered by Dave B. 4 · 1⤊ 0⤋
It ability the broking had a value that s/he became into not prepared the article to decide for below. So in case you have been advertising, say a motorbike, and you had to get a minimum of $a hundred for it you will make that the reserve value. If somebody did not bid a minimum of $a hundred then the reserve does not be met and the article closed.
2016-12-18 11:53:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
What a reserve means on Ebay, is the amount of money that the seller will not sell for less than. If you have not met this amount, the product will not be sold, to anyone.
2007-03-16 05:42:24 · answer #8 · answered by kmf77 3 · 0⤊ 0⤋
reserve is the minimum amount the seller will accept for
an item-- if the reserve isn't met (i.e. you didn't offer at
least that much in your bid) the item is taken off the block
and not sold.
2007-03-12 09:23:23 · answer #9 · answered by Anonymous · 0⤊ 0⤋
means seller put a minimum bid on the item. nobody met the minimum bid so item stays with seller
2007-03-12 09:11:00 · answer #10 · answered by craig 3 · 0⤊ 0⤋