The reservation price is set by the seller and is the lowest amount the seller will accept for the item. Its purpose is to ensure that the item is not sold below a predetermined value.
If you win an auction where the reservation price has not been met, we will contact you to ask whether you would be interested in increasing your bid. We can then discuss the matter with the seller on your behalf to see whether it is possible to agree on a price acceptable to both parties.
Do all items have a reservation price?
No, most items on Budi do not have a reservation price. This means that bidding is binding from the first bid and that the item is sold to the highest bidder when the auction closes. If an item has a reservation price, this is stated in the auction information, and you can also see whether your bid has met it or not.
What happens if the reservation price is not met?
We will contact you as the bidder to ask whether you would like to discuss a higher amount, and we will speak with the seller to see whether an agreement is possible.
Can I still buy the item if I win below the reservation price?
Not directly. Your bid is not automatically accepted by the seller, but we will try to find a solution if you are interested.
Can I see the reservation price in advance?
No, the reservation price is hidden during bidding. The only thing you can see is whether your bid has met it or not.
Why is there a reservation price?
To give the seller peace of mind that they do not have to sell the item at too low a price.
