On ebay what does reserve not met yet mean?

Question

i want to bid on an item on ebay and it says "reserve not yet met" what does that mean?

Answer 1

They have set their item to be purchased at a min. price. Which means that nobody has bid at the lowest price they are willing to sell for.

Answer 2

It means that the person placed a "reserve price" on their item...so they won't sell it unless someone bids at least that amount. "Reserve not met" means no one has bid that amount.

Answer 3

They've set a price that they will not go any lower than.  It means that as of yet, no one has bid high enough for them to accept.  If the auction ends before the reserve is met, they don't have to sell the item.

Answer 4

The reserve is the minimum price that the seller will accept for their item.

E.g. if I want to sell a vase, but won't sell it for less than $40, the auction will show 'reserve not met yet' until the bids have reached $40.

So, if the current bid is $20, and you bid $35, even if yours is the highest bid you will not be able to buy the item, because the reserve has not yet been met.

If you are watching an auction, 'reserve not met yet' basically means that if you are only willing to beat the current top bid by $0.01, you are probably wasting your (and the seller's) time.

(Unless the reserve is $40 and the current top bid is $39.99).

Answer 5

The person putting up the auction has put a minimum price on the item.  If bids do not go above this set price it will not be sold however the minimum price is not shown.

Answer 6

It means the seller has set a "minimum" price at which he will sell. This "minimum" price is the reserve.  Generally it is less than the buy it now price but it is in that neighborhood.

Ebay explains How it works:

A reserve price is the minimum price a seller is willing to accept for the item.

As a buyer, you are not shown the reserve price, only whether the reserve has been met.

The seller is not obligated to sell the item if the reserve price is not met.

The winning bidder must meet or exceed the reserve price and have the highest bid.

When there is a reserve price, bid as usual, entering the maximum amount you're willing to pay for the item.

Watch the label next to the current price to see whether the reserve price has been met. Until you see that the reserve price has been met, there have been no successful bids in the auction.

Once the reserve has been met, the item will sell to the highest bidder when the auction closes.

If your maximum bid is the first to meet or exceed the reserve price, the effective bid displayed will automatically be raised to the reserve price.

Answer 7

the buyer has set a reserve amount meaning that if they dont git a bid for atleast the reserve amount....they do not have to sell it.......like for example if your selling a car you dont want just one person to bid $20 and have to sell it to them for that much so how ever much you want for your car say like you want $2,000 you would set a reserve for $2,00 so that way you dont have to sell it for the $20, you dont have to sell it for any less than $2,000..........basicly the reserve protects the seller from getting ripped off.

Answer 8

It means they have a reserved minimum price they want the item to at least sell for. I don't know why they don't just start the bidding at that price instead of wasting time with a reserve.

Answer 9

The seller said he woudln't accept less than a certain amount for the item, so even if you're the highest bidder you won't win. Example: The seller wants at least $100 for his iPod. You bid $90 and are the highest bidder. Unless someone bids at least $100, the seller ends up keeping the item. Try increasing your bid in small increments to meet the minimum.

Answer 10

the reserve is the minimum price the seller will accept