What Does "No Reserve" Mean?

"Highest bidder wins regardless of price."

In the context of auctions, "no reserve" means the highest bidder will win the item, regardless of the price the auction finishes bidding at. There is no hidden minimum that the seller can use to reject the sale if the highest bid is lower than they were hoping for. This helps encourage more buyers to join the auction.

Some wristwatch auctions on eBay without a reserve price (Affiliate link).


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Updated: 2025-05-06
First published: 2024-07-26