I had the highest bid but I did not win the auction, what happened?

At Direct Liquidation, we use reserve prices to ensure that our sellers receive fair market value for their items. A reserve price is the minimum price that a seller is willing to accept for an item, and if the reserve price is not met by auction close, no winner will be declared, even if there were bids received.

While it can be disappointing to not win an auction, it's important to note that reserve prices help to ensure that our marketplace remains fair and equitable for all buyers and sellers. By setting reserve prices, our sellers can be confident that they are receiving a fair price for their items, and buyers can be assured that they are participating in a transparent and honest auction process.

At Direct Liquidation, we are committed to providing a user-friendly and transparent auction process that ensures fair market value for all items. By using reserve prices, we aim to create a level playing field that benefits both buyers and sellers alike.