Glossary / General

no reserve auction

11 Episode Mentions

Too Afraid to Ask

In a no reserve auction, there’s no lowest price set for the item. It will be sold to whoever bids the most, even if that amount is very low.

Technical Definition

A no reserve auction is a type of auction where there is no minimum price that must be met for the item to be sold. This means that the item will be sold to the highest bidder, regardless of the bid amount.

Hear It Discussed

"It's a no reserve auction as well. Wellused car. A wellused car."
AUDIO ONLY Special Episode: The ImagestreetClassics Podcast from Curated Cars & Coffee Bring a Trailer Podcast 02:14

"It's no reserve. Noreserve. Noreserve. And we bid on it, and I actually want it it $42,000."
A No-Reserve Mecum Bid Turns Setback Into A Dream Convertible In Wheel Time Podcast: Your Go-To Automotive Talk Show 05:03

"These are all no reserve. So, you know, this could be a bargain full no reserve This is how committed I am to letting things go I love the no reserve when people put a reserve on something to me It..."
Magnus Walker The Smoking Tire 26:01