Also, many sellers prefer Reserve Price auctions when they are not sure of the market value of an item, and want to find an audience by enticing multiple bidders' interest. This way, the bidders are not forced to bid at fair market value from the start of the auction. In a Reserve Price auction, the seller starts the auction at a value below the lowest price at which s/he is willing to sell (the Reserve Price) to capture the bidder interest. Bidders who are contacted under these circumstances, however, are under no obligation to purchase the item. In this case, the seller will have a period of 48 hours after the auction close in which to contact the highest bidder whose offer was below the reserve price. If the highest bid at the auction close does not meet the seller's Reserve Price, the seller is not required to sell the item unless the seller chooses to do so. Reserve Price Met - The current amount of the highest bid is equal to, or greater than, the reserve price and the item will be sold. Brock Lesnar, Goldberg and The Undertaker were at. Reserve Price NOT Met- The current amount of the highest bid is below the reserve price and the item will not sell at auction close. WWE Royal Rumble is just few days away, and at the end of RAW’s latest episode, we perhaps got a glimpse of what is in store for the big event. If the seller as set a Reserve Price you will see either a 'Reserve Price NOT Met' or 'Reserve Price Met' message on the listing page depending on whether the current bid is below, or at or above, the reserve. Mod On special request of YouTube User: Anirban Acharjee- Follow me. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. Who will survive Royal Rumble, WWEs 30-man over-the-top-rope challenge, and go on to WrestleManias main event. 8 Ax - 1990 - WWF - Demolition Wrestlemania VI 2K19 Mod Attire Mod 2K19 Ax.

The Reserve Price is higher than the Opening Value. In a Reserve Price Auction, the seller has set a Reserve Price, which is a price below which the listing will not sell.

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