Bids and reserve

What does it mean when the asking price is what the bidder has bud, but it also says the reserve price is not met? 

Sorry got it it will be the sellers starting price to hopefully start a bidding war

Sorry not done bidding wars for a long time

 

View Entire Topic
plpmr
Experienced Mentor

"asking price"

 

Until a bid meets the reserve the item will be unsold.

 

The reserve is the lowest acceptable price the seller is willing to sell at.