Reserve, Absolute, Minimum? What’s that?

This post was written by Luanne

 

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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 […]

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2016-09-07

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