What is a NR / No Reserve Auction?
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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 just $1, and the seller must sell the item to the highest bidder.
To identify a No Reserve auction, check the bidding panel for a "Reserve Not Met" Sticker. If the item DOES NOT have this sticker, then it is a No Reserve auction. Please see the examples below.
NO RESERVE AUCTION
You will notice there is no "Reserve Not Met" sticker so it is a No Reserve Auction
RESERVE PRICE AUCTION
You will notice there is a red "Reserve Not Met" sticker which means the reserve has not been met. You can read more about reserve price auctions here.
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 just $1, and the seller must sell the item to the highest bidder.
To identify a No Reserve auction, check the bidding panel for a "Reserve Not Met" Sticker. If the item DOES NOT have this sticker, then it is a No Reserve auction. Please see the examples below.
NO RESERVE AUCTION
You will notice there is no "Reserve Not Met" sticker so it is a No Reserve Auction
RESERVE PRICE AUCTION
You will notice there is a red "Reserve Not Met" sticker which means the reserve has not been met. You can read more about reserve price auctions here.
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