The reserve price is the lowest price a seller is willing to sell an item for. This amount is generally higher than the minimum bid.

In order to win the auction, a bidder must meet or exceed the reserve price and have the highest bid.

If a bidder's maximum bid meets or exceeds the reserve, the bid will be automatically raised to meet the reserve.

If no bidders meet the reserve price, neither the seller nor the high bidder are under any further obligation to complete the transaction.