pricereserveds

pricereserveds is a term sometimes used in online commerce and real estate to describe a condition where a seller has a reserve price that is not publicly disclosed. This reserve price acts as a minimum amount the seller is willing to accept for an item or property. If the highest bid or offer does not meet this reserve price, the item or property may not be sold, even if there is a bid or offer.

This practice is common in auctions, particularly for high-value items or properties, where sellers want to ensure they achieve a certain financial outcome. It can also appear in private sales or "buy it now" listings where a seller sets an undisclosed minimum. The intention behind a pricereserved is to protect the seller from selling below a predetermined valuation while still allowing the market to influence the final price within acceptable limits.

For buyers, understanding the concept of pricereserveds is important. It means that even if they submit a bid that appears to be the highest, the sale is not guaranteed until the reserve price is met. In some platforms, the status of the reserve price might be indicated, for example, by stating "reserve not met" when the bidding has concluded but the minimum has not been reached. This contrasts with an absolute auction where the item is sold to the highest bidder regardless of the price.