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1 Auction Reserves vs. No-Reserve Auctions
https://geauction.com/auction-reserves-vs-no-reserve-auctions/
An auction reserve is the minimum price the seller is willing to accept for an item. In this type of auction, the seller is only obligated to sell the item if ...
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2 Five myths and misconceptions about auction reserve prices ...
https://www.hemmings.com/stories/2021/03/08/five-myths-and-misconceptions-about-auction-reserve-prices-and-car-values
The reserve, for those new to this topic, is the lowest bid a seller will accept in an auction. If the highest bid is below the reserve price, ...
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3 What you need to know about auction reserves - Amanda Bidder
https://www.amandaonmyside.com.au/blog/what-you-need-to-know-about-auction-reserves/
When a reserve is set, the seller is only obligated to sell if a bid exceeds it. The reserve often dictates, then, the amount at which the bidding starts; ...
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4 No-reserve auction - Wikipedia
https://en.wikipedia.org/wiki/No-reserve_auction
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price.
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5 What is the reserve price at an auction? - Mr Expert
https://mr-expert.com/en/auction-reserve-price/
The reserve price is therefore a mechanism that allows you to ensure that your item will not be sold at too low a price. It should be noted that ...
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6 How reserve prices work - eBay
https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018
A reserve price is the minimum amount the seller is willing to sell an item ...
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7 Seton Hall University Athletics Auctions
https://shupirates.com/auctions/faq.aspx
I am new to Seton Hall University Athletics Auctions. ... If the seller has set a Reserve Price you will see either a "Reserve Price has not been met" or ...
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8 Why would a seller at an auction set their reserve price hidden?
https://money.stackexchange.com/questions/119994/why-would-a-seller-at-an-auction-set-their-reserve-price-hidden
When people see a lot of other people bidding, they get caught up in the bidding frenzy. When a reserve is known, often nobody will put in the ...
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9 What is a Reserve Auction? - Sensible Development
https://www.sensibledevelopment.com/auction-glossary/auction-types/what-is-a-reserve-auction
This is an auction where the final bid for an item can be rejected by the seller if it is not high enough to satisfy them. They may set a particular fixed ...
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10 Why do auctioneers have without reserve auctions?
https://mikebrandlyauctioneer.wordpress.com/2010/02/11/why-do-auctioneers-have-without-reserve-auctions/
A without reserve auction maximizes the prospect of a deal, as no item may have any minimum bid nor the right for the seller to decline any bid ...
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11 What Does “Without Reserve” Mean for Real Estate Auctions?
https://www.lastbidrealestate.com/news/what-does-without-reserve-mean-for-real-estate-auctions/
The reserve price is likely around the price of what the seller is looking to receive for their property. If the highest bid at the end of the auction does not ...
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12 Reserve Prices - Seller Knowledge Base - LiveAuctioneers
https://support.liveauctioneers.com/article/180-reserve-prices
Reserves cannot be changed after the item has already sold. Per the above, lots can not be canceled post-sale due to them not reaching a ...
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13 Reserve Price Auction - GovPlanet
https://www.govplanet.com/pop/reserve_price.jsp
Some auctions have a Reserve Price. A Reserve Price is a hidden minimum price that the seller is willing to accept for an item. In a Reserve Price auction, ...
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14 How auctioneers set reserve prices in procurement auctions
https://www.sciencedirect.com/science/article/pii/S0377221722003393
Shachat & Tan (2015) find that auctioneers do distort conditional ... a purchase and realizes a lower reserve price would have increased her ex-post payoff.
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15 What is an Auction Reserve Price When Selling a Property?
https://auction-link.org.uk/what-is-an-auction-reserve-price/
When selling a property at auction, the seller will agree to a minimum price they accept to sell for, that price is known as the reserve price.
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16 Making Sense of eBay Auctions With a "Reserve Price"
https://www.liveabout.com/making-sense-of-ebay-auctions-with-a-reserve-price-1140185
On one hand, that means bidders have less competition for the item, but the lower bids make it less likely that the reserve price will be met.
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17 Auction - Reserves, Opening Bids, Presale Estimates
https://www.artbusiness.com/highres.html
A presale estimate is the price range an auction house believes a work of art is reasonably likely to sell for. The reserve price is the minimum dollar amount ...
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18 Public Versus Secret Reserve Prices in eBay Auctions
https://www.cs.princeton.edu/courses/archive/spr08/cos444/papers/L-R-Katkar-Public00.pdf
Sellers in eBay auctions have the opportunity to choose both a public minimum bid ... minimum bid, it does accept bids less than the unknown secret reserve.
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19 Reserve Price - Meaning, How Does It Work? - WallStreetMojo
https://www.wallstreetmojo.com/reserve-price/
Reserve price refers to the minimum price at which the seller of an item is ready to sell in an auction, below which he is not obliged to accept the deal. In ...
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20 Reserve Prices in Internet Advertising Auctions: A Field ...
https://web.stanford.edu/~ost/papers/rp.pdf
find that reserve prices actually observed in real-world auctions are substantially ... mechanism, GSP generally does not have an equilibrium in dominant ...
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21 Computing Reserve Prices and Identifying the Value ...
https://www.cs.cmu.edu/~sandholm/reservePricing.AAAI08.pdf
Because the company had historically set the reserve price so low, the auctions had always received bids above the reserve. Since our system would compute.
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22 Auction Reserve Price? - Industry Insider
https://www.industryinsider.com.au/what-is-an-auction-reserve-price/
The auction reserve price is typically set 48 hours before the auction. The sales agent and auctioneer will meet with the vendor over zoom or face to face and ...
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23 How to Sell Land Through Auctions: Absolute vs. Reserve
https://blog.thelandjournal.net/absolute-vs-reserve-auctions
In the process of a reserve auction, the auctioneer takes the highest or most viable bid to the seller, who then has the right to accept or ...
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24 Estimates, Reserves and Pricing - The Auction Collective
https://theauctioncollective.com/resource-library/estimates-reserves-and-pricing/
The reserve is the minimum price an object can sell for at auction. It is also known as the 'minimum price' or 'starting price'. This is usually ...
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25 45. Reserve Judgment - eBay Hacks, 2nd Edition [Book]
https://www.oreilly.com/library/view/ebay-hacks-2nd/059610068X/ch04s05.html
Bidding on a reserve-price auction proceeds just like a normal auction, with two exceptions. First, a notice stating whether or not the reserve price has been ...
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26 What is a reserve? | Auction House
https://www.auctionhouse.co.uk/guide/what-is-a-reserve
Each property will be offered in the auction subject to a reserve price. This is a confidential figure, set between the seller and the auctioneer, and it is ...
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27 What happens when a property auction ends and the reserve ...
https://www.bambooauctions.com/blog/what-happens-when-a-property-auction-ends-and-the-reserve-is-not-met/
Auctions are generally considered a good indicator of the true market value of a property. So when a lot goes unsold, the price could be the ...
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28 Reserve, Absolute, Minimum? What's that? - Hueckman Auction
https://www.hueckmanauction.com/blog/reserve-absolute-minimum-whats-that/
At a reserve auction, the item up for bid has a reserve price: a hidden price that must be met before the item is allowed to be sold. It's the ...
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29 Reserve auction Definition | Law Insider
https://www.lawinsider.com/dictionary/reserve-auction
Reserve auction means an auction in which the seller retains the right to establish a minimum price, to accept or decline any and all bids, or to withdraw the ...
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30 At auctions, if an item has a reserve price, why does bidding ...
https://www.reddit.com/r/NoStupidQuestions/comments/2hvodx/at_auctions_if_an_item_has_a_reserve_price_why/
The seller does not have to accept the bid in a reserve auction if the highest bid comes in below the reserve amount. Sometimes the bidders know the reserve ...
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31 Vickrey Auctions with Reserve Pricing* - Peter Cramton
https://www.cramton.umd.edu/papers1995-1999/99wp-vickrey-auctions-with-reserve-pricing.pdf
In a Vickrey auction, prices are based on the opportunity cost of winning; that is, a winner pays the value that the goods would have in their best.
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32 How To Set Reserve Prices In Auctions
https://www.res.org.uk/resources-page/how-to-set-reserve-prices-in-auctions.html
By placing a reserve price in an auction, the seller has, in essence, placed a bid against every other potential bidder. Why would you want to include a ...
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33 reserve price effects in auctions: estimates ... - UCL Discovery
https://discovery.ucl.ac.uk/id/eprint/1492753/1/reserve_rd_finallong.pdf
auctions we study have public reserve prices. ... and the retail cost of repair to the vehicle does not exceed the retail PAV . Such cars are mostly.
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34 Help: How do reserve price auctions work?
https://www.opalauctions.com/help/getting-started/how-do-reserve-price-auctions-work
Some auction items (excluding No Reserve Auctions) may have a reserve price. This simply means that the seller has a preset bid amount that must be matched ...
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35 Optimising the auction reserve price | The Property Tribune
https://thepropertytribune.com.au/news/optimising-reserve-price-for-an-auction/
Studies have shown that a reserve price is important when there are multiple similar items in an auction. In a real estate example, ...
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36 Should I Sell my House by Absolute or Reserve Auction?
https://howauctionswork.com/2020/06/18/should-i-sell-my-home-by-absolute-or-reserve-auction/
First, why are more and more auctioneers choosing the absolute auction method? The simple answer is, when no reserve is placed on the property, ...
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37 What is a reserve price? - Pugh Auctions
https://www.pugh-auctions.com/articles/auctions/what-is-a-reserve-price
The Reserve Price is the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not ...
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38 Field Experiments on the Effects of Reserve Prices in Auctions
https://www.jstor.org/stable/25046235
Also, the important strategic resale considerations have to do with the resolution of uncertainty about the item's resale value after the initial auction, but ...
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39 Reserve Prices and Starting Bids - GunBroker
https://support.gunbroker.com/hc/en-us/articles/223428488-Reserve-Prices-and-Starting-Bids
Reserve Price auctions are often unpopular with bidders because the Reserve Price is hidden, and they must bid until they meet or exceed this price. We ...
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40 What Does No Reserve Mean at a Car Auction? - Car.co.uk
https://www.car.co.uk/media/blogs/vehicle-auctions/what-does-no-reserve-mean-at-a-car-auction
With a reserve auction, you'll have the option to enter negotiations should your reserve price not be met. This means you can ultimately wait and auction your ...
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41 (PDF) Reserve prices in online auctions - ResearchGate
https://www.researchgate.net/publication/228951938_Reserve_prices_in_online_auctions
Then, the three bidders bid in an auction for an item. The introduction of a reserve price reduces the efficiency level of the auction, by ...
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42 eBay Auctions Tip: Reserve Price vs. High Starting Price
https://www.allbusiness.com/ebay-tip-reserve-price-versus-high-starting-price-4058166-1.html
You may have noticed that if the item fails to sell using a reserve price auction scenario, it would cost you $2.00 more than just starting the bidding high ...
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43 Surplus Auctions : FAQ - GovBids.com
https://www.govbids.com/scripts/surplusauctions/faq.asp?pid=4
If the reserve price is not met on an item you are bidding on your bid will be either the reserve price or the total of your proxy bid if it is less then the ...
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44 Why You Should Think About Listing Prices Like an Auction's ...
https://www.keepingcurrentmatters.com/en/2021/03/24/why-you-should-think-about-listing-prices-like-an-auctions-reserve-price/
In an actual auction, the seller of an item agrees to take the highest bid, and many sellers set a reserve price on the item they're selling. A ...
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45 How auctions work on SuperRare
https://help.superrare.com/en/articles/4576436-how-auctions-work-on-superrare
When setting up a Reserve Auction, the seller of an artwork chooses a public reserve price which, when met, kicks off the timed auction. Reserve Auctions don't ...
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46 Public vs. Secret Reserve Prices in Auctions - Caltech
http://www.hss.caltech.edu/~mshum/papers/reserve_price.pdf
have an opportunity to engage in post-auction negotiations with bidders. Moreover, we ... typically do set a secret reserve price called a minimum bid, ...
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47 Do NFT Auctions have Reserve Prices? - Artsy Collector Support
https://support.artsy.net/hc/en-us/articles/4420117321239-Do-NFT-Auctions-have-Reserve-Prices-
The reserve price is the minimum price for selling auction lots. Every lot in an NFT auction has a reserve price, and the first bid on each ...
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48 Is "Buy It Now" the Reserve Price on eBay?
https://smallbusiness.chron.com/buy-now-reserve-price-ebay-58332.html
EBay has certain policies for auctions that use a reserve price, designed to protect buyers from predatory practices. The seller does not have to disclose the ...
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49 Why Not Start an Auction at the Reserve Price?
https://www.artmarketmonitor.com/2013/01/28/why-not-start-and-auction-at-the-reserve-price/
You have to wonder, though. As silly as the chandelier debate is, why not start at the reserve? Too many sales these days stall out as dealers ...
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50 Why you should list your app auction with no reserve - Flippa
https://flippa.com/blog/why-you-should-list-your-auction-with-no-reserve/
Anyone who bids on a No Reserve auction knows that he or she can in fact win the auction and get the stuff. In the opposite Reserve Price scenario, ...
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51 Types of Auctions - Martin Jurisch & Associates
https://martinjurisch.com/types-of-auctions/
In a reserve auction, the seller reserves the right to accept or reject the highest bid. The owner, with the advice of his agent, determines the price at which ...
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52 What Is A Reserve? | Charity Auctions Today
https://www.charityauctionstoday.com/p/help/what-is-a-reserve/
A “Reserve” is a set price the the bidding needs to reach before our system will assign a winner. · Setting a reserve should only be used if you ...
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53 FAQ Backup | Modern Day Auctions LLC
https://www.moderndayauctions.com/faq-backup
This may seem counter-intuitive, but generally speaking, items with reserves (set opening bids) tend to under perform in auction results and deters bidding. The ...
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54 Reserve Price Optimization for First Price Auctions in Display ...
http://proceedings.mlr.press/v139/feng21b/feng21b.pdf
reserve prices for second-price auctions, which have been commonly used to allocate ad space ... V . In the following sections, we show how to do this for a.
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55 What is a reserve price? - Auctionet
https://auctionet.com/en/help/9-reserve
A reserve price is a hidden lowest price under which a seller does not allow the item to be sold. This price is always lower than the estimate.
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56 Reserve price effects in auctions: estimates from ... - Cemmap
https://www.cemmap.ac.uk/wp-content/uploads/2020/08/CWP3010.pdf
All the auctions we study have public reserve prices. ... discontinuously with the reserve price discontinuities we exploit, nor do they vary at the same ...
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57 Surplus Auctions : FAQ - Rocky Mountain e-Purchasing System
https://legacy.rockymountainbidsystem.com/scripts/surplusauctions/faq.asp
If the reserve price is not met on an item you are bidding on your bid will be either the reserve price or the total of your proxy bid if it is less then the ...
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58 How to set a reserve price - OpenAgent
https://www.openagent.com.au/blog/how-to-set-a-reserve-price
A reserve price is the minimum amount - or bid at auction - you would be happy to accept for your property. You usually set the reserve price in ...
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59 Seller Strategies - Mecum Magazine
https://monthly.mecum.com/2021/05/19/seller-strategies/
Nevertheless, consignors do also have the option of selling at no reserve (absolute sale). At our auctions, these entries really do stand ...
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60 The psychology behind selling without a reserve price - Catawiki
https://www.catawiki.com/en/stories/5847-the-psychology-behind-selling-without-a-reserve-price
The reserve price serves as a safety net to help ensure that your object sells for the price you feel it deserves. While it may seem like the ...
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61 Bring a Trailer FAQ
https://bringatrailer.com/frequently-asked-questions/
If the auction reserve is met when the listing ends, BaT provides the seller and winning bidder with each others' contact information. The buyer and seller then ...
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62 What is the reserve price? | On The Block Realty
https://www.otbauctions.com/about/learning-center-articles/bidder/bidding/what-is-the-reserve-price
A reserve price is the lowest price in which a seller is willing to sell a property. If bidding doesn't reach the reserve price, the seller isn't obligated ...
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63 Auction Reserves Cooroy | Sunshine Coast
https://hinterauctions.com.au/auction-reserves/
Auction reserves are simply a minimum price that the vendor is willing to sell a lot for. The auctioneer is obligated to follow the seller's ...
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64 10 Key Benefits of Online Auctions
https://www.fragodtauctions.com/benefits-faqs
A “reserve” auction gives the seller the right to set a minimum price they are willing to accept for an item. In this type of auction, the seller is only ...
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65 Bidding at Auction Explained - William George
https://www.williamgeorge.com/bidding-at-auction
How do I know if an item has a reserve price or not ? ... Where an auction or a lot is listed with no reserve it will say so in the title, and in the lot ...
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66 What is a reserve? - Lloyds Auctions Australia
https://www.lloydsauctions.com.au/help/what-is-a-reserve/
Any (or all) of our lots can have a reserve price. A reserve price is an amount of money the vendor (seller) wants for their item in return.
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67 Dynamic Reserve Prices for Repeated Auctions: Learning ...
http://www.columbia.edu/~yk2577/dynamic_reserve.pdf
types of impressions (or keywords) together so that the bid of each advertiser would have small impact on the aggregate distribution learned from the ...
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68 Auction Policy | Pristine Auction
https://www.pristineauction.com/auction-policy
Some auction Lots may have a minimum price that we are willing to accept for that Lot to be sold at auction (“Reserve Price”). If bidding does not meet or ...
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69 Auctioning a property | Your rights, crime and the law
https://www.qld.gov.au/law/laws-regulated-industries-and-accountability/queensland-laws-and-regulations/regulated-industries-and-licensing/regulated-industries-licensing-and-legislation/property-industry-regulation/legal-requirements-for-the-property-industry/auctioning-a-property
The vendor may set a reserve price as the minimum sale price for the property. They will need to put this in writing. You must ask vendors if ...
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70 Reserves and Minimum Bids - MAXSOLD
https://pages.maxsold.com/reserves
From being in the auction industry since 1956, we have learned that reserves run counter to our clients' needs of selling everything for these reasons: ...
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71 Absolute auctions and secret reserve prices - Philippe Jehiel
https://philippe-jehiel.enpc.fr/wp-content/uploads/sites/2/2018/03/CompetitionAmongSellers.pdf
the seller's valuation), the seller would have been better off keeping the object. Theoretical models of auctions with endogenous participation (Levin and ...
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72 Types of Auctions | Home Buying Resources | ABR
https://homebuying.realtor/home-buying/getting-started/alternative-options/types-auctions
In a reserve auction, the seller reserves the right to accept or reject the highest bid within a specified time period. A suggested opening bid may or may ...
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73 Heritage Announces Open Reserve Policy!
https://www.ha.com/heritage-auctions-press-releases-and-news/heritage-announces-open-reserve-policy-.s?releaseId=914
DALLAS, TEXAS: Heritage Galleries & Auctioneers (HGA) of Dallas, Texas has announced a new Open Reserve policy for all of its auctions.
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74 Auction Basics - Hagerty
https://www.hagerty.com/assets/PDF/AuctionBasics.pdf
every individual has a distinct personality, so does each auction house. So it's important to ... an auction only to discover that the reserve is set above.
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75 What's Cars & Bids?
https://carsandbids.com/what-is/
If the auction has “No Reserve,” then the highest bidder wins it regardless of ... I didn't win the auction, why do I still have a hold from Cars & Bids?
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76 KENTUCKY BOARD OF AUCTIONEERS
https://auctioneers.ky.gov/newstatic_info.aspx?static_id=182
At an auction with reserve the seller has the right to reject or confirm a bid. This does not automatically give the seller, or anyone acting on the ...
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77 Reserve Prices - Japanese Car Auctions - Integrity Exports
https://integrityexports.com/japan-car-auction-academy/auction-inspection-reports/details-of-the-car/reserve-prices/
In summary, where the reserve price is set is a tactical decision made by the seller, but as a buyer, you need to be focused on the market value of the vehicle.
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78 How it Works - PCARMARKET
https://www.pcarmarket.com/how-it-works/
When a Reserve auction ends and the Reserve has not been met, the listed item will be put into DealTank for 30 Days. Any registered bidder will have the ability ...
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79 What Does a Reserve Price Mean at a Home Auction?
https://budgeting.thenest.com/reserve-price-mean-home-auction-24137.html
Real estate auctions are a popular way to buy and sell homes, if you know the ropes. Sellers of the home up for auction have several ...
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80 Barrett-Jackson VIP Experiences Blog
https://barrettjacksonvip.com/blog
Need a reason to attend the Barrett-Jackson Scottsdale Auction? That's why we are here! The Scottsdale Auction is one of the hottest auctions of the year ...
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81 Frequently Asked Questions - GSA Auctions
https://gsaauctions.gov/html/static/faq.htm
If I am the successful bidder for an auction, can someone else remove the property on my behalf after payment is received? Can I get my SF97, The United States ...
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82 What Does No Reserve Mean at a Car Auction?
https://www.onlineauctionsgroup.com.au/news/what-does-no-reserve-mean-at-a-car-auction
What does reserve mean in an auction? ... When it comes to auctions, a reserve is the lowest price a seller will accept for their vehicle. Prior ...
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83 Auctions | The Real Estate Authority
https://www.rea.govt.nz/real-estate-professionals/the-sales-process-and-general-guidance/auctions/
The reserve price is typically set just before the auction date and is confidential to you, the auctioneer and the vendor. After the reserve price is reached at ...
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84 What Does it Mean to Bid on a Car with No Reserve?
https://www.motorbiscuit.com/what-does-no-reserve-mean/
Unless stated otherwise, it is usually safe to assume that a vehicle at an auction like the Barrett-Jackson auction has a reserve. A car being ...
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85 Go high, go low? The gamble when setting your auction ...
https://www.oneroof.co.nz/news/go-high-go-low-the-gamble-when-setting-your-auction-reserve-price-37580
Agreeing a reserve price is one of the most important decisions you need to make prior to the auction starting. We asked experienced auctioneers for advice on ...
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86 What You Need to Know About Auction Reserves - Antique HQ
https://www.antique-hq.com/what-you-need-to-know-about-auction-reserves-1451/
An auction reserve is usually set at 25 -75% of the estimate value. Example: The estimated value of a painting is $10,000 (USD) the reserve ...
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87 § 2-328. Sale by Auction. | Uniform Commercial Code | US Law
https://www.law.cornell.edu/ucc/2/2-328
In an auction with reserve the auctioneer may withdraw the goods at any time until he announces completion of the sale. In an auction without reserve, after the ...
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88 What is a Reserve Auction? - LinkedIn
https://www.linkedin.com/pulse/what-reserve-auction-brian-kuzdas-cai?trk=mp-reader-card
In a reserve auction the seller and broker establish a price they would like to sell the property for. This price is not disclosed to the ...
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89 How to Set a Reserve Price in an Auction
https://www.exploreauctions.co.uk/usingthereserve.html
In auction terms, a reserve is the price a seller sets on an item. If bidding doesn't reach the point, the seller isn't obliged to sell the ...
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90 How do timed auctions work? - OpenSea Help Center
https://support.opensea.io/hc/en-us/articles/1500003246082-How-do-timed-auctions-work-
If you're using a Sell to highest bidder auction to sell your item, you can set a reserve price. If you don't receive any bids equal to or greater than your ...
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91 The Law of Auctions | Stimmel Law
https://www.stimmel-law.com/en/articles/law-auctions
An auction has a seller and a varying number of prospective buyers. ... If the final bid does not reach the reserve price, the property remains unsold.
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92 The TWO Reserve Prices At Auctions - Glovers Real Estate
https://glovers.nz/2017/03/the-two-reserve-prices-at-auctions/
The reserve price is usually set prior to the auction in a non-threatening, low pressure environment. This first reserve is then given to the auctioneer in ...
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93 eBay Buying And Selling Tip: How to Handle The Reserve, An ...
https://www.ablogtowatch.com/ebay-buying-and-selling-tip-how-to-handle-the-reserve-an-often-ill-used-tool/
The second reason for having a reserve is psychological, and has to do with our natural desire to want to compete. An auction starting at ...
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94 Frequently Asked Questions : Auction.com Help Center
https://www.auction.com/lp/learn-more/frequently-asked-questions/
Everything you have ever wondered about Auction.com is answered here! ... Do Sellers accept bids below Reserve? ... Is the Opening Bid also the Reserve?
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95 FAQs - IRS Auctions
https://www.irsauctions.com/faqs/
The Reserve is the lowest price an lot can be sold for. This amount is usually higher than the allowable starting bid and is determined before a lot is put ...
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96 Sports Auction Rules
https://goldinauctions.com/rules.aspx
A small number of lots may have a reserve price. A reserve price is a minimum bid below which the lot will not be sold. Accordingly, if the reserve price ...
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97 Selling A House Or Apartment Via Auction - How To Set An ...
https://www.mcgrath.com.au/advice/articles/selling-a-house-or-apartment-via-auction-how-to-set-a-reserve-price
An auction reserve is the minimum price a vendor is willing to sell their property for. Importantly the reserve price is confidential to ...
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