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Some listings have a reserve price, or a hidden minimum price, on their item.

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. If the reserve price has not been met, “reserve not met” will appear next to the current bid.

• 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.

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