Understanding Reserve Prices In Online Auctions

1
UNDERSTANDING RESERVE PRICES IN ONLINE AUCTIONS
Reserve prices are a key concept in Ohio online
auctions that can influence both bidding
strategies and outcomes. For buyers and sellers,
understanding how reserve prices work is
essential to navigating the auction process
effectively. Heres an overview of reserve prices
and their role in online auctions.
01
WHAT IS A RESERVE PRICE?
A reserve price is the minimum amount a seller is
willing to accept for an item in an online
auction. It is typically set before the auction
begins and remains hidden from bidders.
PURPOSE OF RESERVE PRICES
02

• Reserve prices serve multiple purposes
• Reducing Risk
• Protecting Seller Value
• Encouraging Serious Bidding

HOW RESERVE PRICES IMPACT BUYERS
03

• Bidders may encounter these scenarios
• Reserve Met
• Reserve Not Met