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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.
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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