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Auctionabulls Help

bull2saintleo
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bull2saintleo Toro Magnifico

bull2saintleo

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I am about to begin the auction and need a little help.  Can someone describe to me what the difference between "starting bid" and "reserve price" are?  I'm new to the online auction concept and just want to get everything right.

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kdawgy_orlando Mentor

kdawgy_orlando

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I am about to begin the auction and need a little help.  Can someone describe to me what the difference between "starting bid" and "reserve price" are?  I'm new to the online auction concept and just want to get everything right.

Reserve would be an amount that if bids are less than that amount, the item does not get sold.  So say starting bid 5.00, reserve is 50.00, the auction ends at 40.00, the reserve is not met, therefor the item is not sold.  Hopefully this makes sense.  Reserve amount is not usually revealed to potential buyers.

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