Reserve, Absolute, Minimum? What’s that?
This post was written by Luanne
Hey! I’m back! Hopefully you’ve gotten over being confused about the main types of auctions, because now I’ve got a few more auction types for you. Today, we’ll discuss reserve auctions, absolute auctions, and minimum bid auctions. Ready? Good! Reserve Auction: Have you ever had a reservation over something you had to decide? Or booked a reservation at a hotel? Perhaps reserved a place for your friend next to you in the lunch room? Well, then you have a sense of what a reserve auction is. When something is reserved, it is held in place until certain conditions are […]
2016-09-07
Tags: Absolute auction, Auction, Auction 101, Minimum bid, Reserve, Reserve not met