For certain lots that do not reach their reserve price during the auction, you can now offer them to the highest bidder. This will happen if the highest bid falls just below the reserve price of the lot when the auction ends. This allows the opportunity for you to make a definite sale. Once you agree to make an offer, the highest bidder will be notified. If the highest bidder accepts, your lot will be sold. The usual payment process will then follow.
Articles in this section
- I feel the highest bid is too low. Am I required to sell my lot?
- The reserve price for my lot was not met, what are my options?
- My lot’s reserve price was not met. Would it be possible to sell it for the highest bid anyway?
- I’ve been notified that I can sell my lot to the highest bidder, even though it is below the reserve price that I set for my lot. Why is this?