If a seller specifies a reserve price for a particular auction, he/she is not
obligated to sell the item for less. If the high bidder's price does not meet
the reserve, he/she does not have to complete the sale.
The seller specifies the reserve price when he or she lists an item, which is
an amount over the minimum bid. Then when the auction begins, it will start at
the minimum bid amount that the seller also chooses. During a Reserve Price
Auction, a notice will be displayed on the listing page next to the item's
E3Hub's will never disclose a seller's reserve price to bidders.
When a bidder's maximum bid is equal to or greater than the reserve price, the
item's current price is raised to the reserve price. At this time, the item
information will indicate that the reserve price has been met. The bidder is
also notified that his or her bid met the reserve.