What is the reserve price?

The reserve price represents the amount below which you are not willing to sell the item. If the auction ends and the highest bid has not reached the reserve price, you do not have to sell the item.

Why should you consider using it?

By determining a low reserve price, you can create interest in buyers and make the listing attractive to them. At the same time, however, setting a reserve price - which is hidden for the users - means a kind of a “safety net” and prevents you from selling the item at a too low price.

For example, if you do not want to sell the item under 20,000 HUF, you can do the following. Instead of determining the starting price at 20,000 HUF - which would be likely to undermine the willingness of buyers to bid - you start the auction at 5,000 HUF, and set a reserve price at 20,000 HUF. Until the current bid does not reach the reserve price, the message “reserve price not met” appears under the current bid. As soon as the bid of a buyer reaches or exceeds 20,000 HUF, this message disappears, and at the end of the auction, the highest bidder will be the winner. If the auction ends so that the highest bid is less than or equal to 20,000 HUF, you do not have to sell the item.

The reserve price will remain hidden for the users, but buyers may ask about the amount of the reserve price. In this case, you can decide whether to reveal this amount or not, but at your own discretion, you can also indicate the reserve price in the item description.

Useful information on the reserve price:
- The reserve price is only available for auction style listings and is not available for fixed price items
- The use of the reserve price is a paid service
- You can reduce or cancel the reserve price
- If at least one bid has already been made, you cannot set a reserve price

Learn more about reducing the reserve price.