When something is for sale on e bay at the item states NO RESERVE what exactly does this mean.?

Question

and the item... Sorry not at the item!!!

Answer 1

To put something on reserve means the seller won't sell the item for less than his asking price. NO RESERVE means the seller will take the highest bid, whatever it is.

Answer 2

No minimum price - a seller can put an item on with a starting price of £5 for example, but they have a 'reserve' price of £20, meaning that people can bid from £5 and upwards, but no-one can actually win the item unless they bid £20 or above. The reason for this is if the item was advertised with a starting price of £20, people might think, nah, too expensive, but if you let them start at £5 and decided their own higher bid, they are more likely to start putting in higher bids in competition with other buyers.

If they say 'no reserve', this is like saying, I've put it on with a low starting price, if you bid at that price you have a very good chance of winning. Reverse psychology to win bids!!

Answer 3

I have never used eBay but at auction it means
Lets say i want to sell a car at auction i can set a reserve lets say $1000 the bidding may start at $400 if it don't reach my reserve price the highest bidder don't get the car. If you have no reserve then if the highest bid was $600 then bidder gets the car. The reserve price is normally keep secret until the bidding is over. In real estate the agent usually mediates and offer between the seller and highest bidder if it don't reach reserve.
Hope that helps...lol

Answer 4

A "reserve" price in an auction means that the bids must reach a certain price (the reserve) or it will not be sold.

A "minimum" bid is kind of similar, especially in the e-auction format. That's where the bidding starts.

The idea is that a low starting bid with an "unknown" reserve will attract bidders more than a higher starting bid. It's called bid frenzy...if you go to live auctions, you see a lot of people getting caught up in the bidding.

Two different means to the same end...

Answer 5

it means the item will sell for whatever the highest bid is. when you set a reserve it means that you won't sell the item unless it reaches a predetermined $ amount. For example: if you are selling a car and you want to sell it for no less than $10,000, you would set a reserve of $10,000. That way, if bidders only bid upto $5,000 you won't sell it.

Answer 6

people have the option of putting a reserve price on it when listing, which is a hidden price to the bidders, but it is the least amount of money that they will sell it for, if te resevre price is not met by the end of the auction, the seller doesn't have to sell to the hightest bidder, there for no resever means that, as long as u bid above the starting price, or current bid, u will win

Answer 7

It's SUPPOSED to mean that they will accept all bids, even if it only gets one bid for a dollar...however, the seller can pull the item from the auction at the last second if they want to if it doesn't bring what they want and say that the item is no longer available. It truly doesn't mean anything meaningful.

Answer 8

It means that there is not an amount that you have to reach before bidding begins.

When you bid without a reserve the opening amount is what you see as the price at the start of the auction.

Answer 9

It means little on ebay, as you can then specify no reserve but an MINIMUM opening bid.

I suppose it just lets you know if you bid, you actually know the item will sell.

Answer 10

it means that the item is offered without a protected reserve price. i e the highest bid wins regardless of its nominal value