At Direct Liquidation, we employ a reserve price mechanism for some of our auctions. The reserve price is the minimum bid amount that we are willing to accept for a particular auction.
In instances where the reserve price is not met by the auction's conclusion, no winner will be declared, regardless of whether bids have been placed. This is to ensure that our sellers receive a fair value for their items.
Please be aware that not all auctions have a reserve price. This information will be clearly indicated on the auction listing, allowing you to strategize your bidding accordingly.
We appreciate your understanding and adherence to this process, which is designed to maintain fair trading conditions for all our valued customers. Thank you for choosing Direct Liquidation for your purchasing needs.