What is a reserve price, and how does it affect my bid?

A reserve price is the minimum price that the seller is willing to accept for a lot. If your bid does not meet or exceed the reserve price, the lot will not be sold, even if you are the highest bidder. The reserve price is typically not disclosed, but you’ll be notified if your bid does not meet it.

Why is a reserve price not disclosed?

The reserve price is usually not disclosed because even Auctim often doesn't know the exact amount. This also allows Auctim to negotiate with the seller at the end of the auction if the highest bid is close to the reserve price. Auctim's goal is to facilitate as many sales as possible, so we always strive to reach an agreement that works for both the seller and the buyer.