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  2. Dictionary

    re·serve price
    [rəˈzərv, rēˈzərv prīs]
    noun
    reserve price (noun) · reserve prices (plural noun)
    1. the price stipulated as the lowest acceptable by the seller for an item sold at auction.
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    What is a reservation price in economics?In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service.
    What is a reserve price in an auction?A reserve price is not to be confused with an opening bid, which is the suggested starting bid for an auction. A reserve price is a minimum price that a seller would be willing to accept from a buyer. In an auction, the seller is not typically required to disclose the reserve price to potential buyers.
    What is a reserve price?Alternatively, it is less commonly known as the highest price a buyer is willing to pay for a good or service. The reserve price prevents a bidder who offers a price lower than what the owner will accept from winning the auction. The point at which the buyer and seller are no longer willing to negotiate is the walk-away point.
    Why should I use a reserve price?By using a reserve price you can set a low starting price for your auction – and boost interest in your item – but without the risk of having to sell your item for less than you think it's worth. Are you a buyer looking for information on reserve prices? Read our article on how reserve prices work
     
  4. Reserve Price: What It Means and How It Works in Auctions

     
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    WebDec 16, 2022 · A reserve price is the minimum bid to buy an item at auction. That simple sale/no-sale threshold is part of a careful balancing act between the three parties in an auction transaction. Sellers seek what …

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