An auction at which the seller(s) or his/her representative reserve the right to set the minimum acceptable price for an item. The minimum price may or may not be disclosed. If the last bid is below the minimum acceptable price, the sale of the item is subject to owner confirmation. The seller(s) or his/her representative reserves the right to reject any or all bids below the set price. See also Absolute Auction.

Is an auction where the seller sets a minimum amount bid that a vehicle must get in order to sell.

An auction in which the seller reserves a minimum acceptable price. Sellers usually do not disclose the reserve price to prespective bidders.

An auction in which the seller reserves the right to establish a reserve price, to accept or decline any and all bids or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer. See also Auction With Reserve.

A kind of auction we run where the Seller is allowed to set a Reserve. For a more in depth explanation of our Auction Styles, click here.