Is there a reserve price?
Yes. A reserve is the confidential minimum price you are willing to accept.
If bidding does not reach the reserve, you are not obliged to sell
If bidding meets or beats the reserve, the sale can proceed on the auction terms
Reserves are agreed with the auction team based on evidence, comparables, and your goals
This is one of the main reasons sellers choose auction: you keep a floor, while still benefiting from competitive bidding above that level.
Is there a reserve price?
Yes. A reserve is the confidential minimum price you are willing to accept.
- If bidding does not reach the reserve, you are not obliged to sell
- If bidding meets or beats the reserve, the sale can proceed on the auction terms
- Reserves are agreed with the auction team based on evidence, comparables, and your goals
This is one of the main reasons sellers choose auction: you keep a floor, while still benefiting from competitive bidding above that level.