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What Is A No Reserve Auction?

NO RESERVE AUCTION

In this type of auction, buyers bid until the auction ends. The item will sell to the highest bidder at the end of the auction period. Bidding starts at $1, and the seller must sell the item to the highest bidder.

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RESERVE PRICE AUCTION

You will notice there is a yellow "Reserve Not Met" sticker which means the reserve has not been met.

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