A reserve price is a minimum amount agreed upon by the seller and Tracks & Trade. This means the lot will not be sold below this predetermined value. For this lot a reserve price is applicable.

• During the auction, if you place a bid below the reserve price, this will be clearly indicated in red: “reserve price has not been met.” If no further bids are placed and the auction ends, the lot will not be sold. However, you will still have the opportunity to place follow-up bids until the reserve price is met. 
  
  

• Once your bid exceeds the reserve price, the status will change to green, showing “reserve price has been met.” At that point, you are the highest bidder. If no further bids are placed and the auction ends, the lot will be yours.

The reserve price is an essential feature that protects the interests of sellers while maintaining the integrity of our auction platform. It ensures that items are not sold for less than their agreed market value, safeguarding sellers from undervaluation due to low bidding activity or unexpected circumstances. 

For buyers, this mechanism fosters transparency and trust, ensuring a fair and professional auction experience for all participants.  

If you have any questions about the reserve price, feel free to contact Tracks & Trade.