Dictionary

Reserve
The reserve price or set starting bid at an auction is the lowest price at which the lot to be sold can be acquired. The reserve price is the limit below which bidding is not permitted, that is, it is the minimum bid amount. If, on the other hand, a lot is called at a higher price than agreed, this is usually because higher sealed bids have been submitted in writing.
The reserve price or set starting bid at an auction is the lowest price at which the lot to be sold can be acquired. The reserve price is the limit below which bidding is not permitted, that is, it is the minimum bid amount. If, on the other hand, a lot is called at a higher price than agreed, this is usually because higher sealed bids have been submitted in writing.
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Rhineland-Palatinate
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Phone: +49 62 21 58 80-038
Fax: +49 62 21 58 80-595
infoheidelberg@kettererkunst.de
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