Naomi’s daughters, Wynonna and Ashley, said they lost. Also, many sellers prefer Reserve Price auctions when they are not sure of the market value of an item, and want to find an audience by enticing multiple bidders' interest. As the season 1 finale of the CW's Naomi wound down on Tuesday night, things were looking pretty good for the titular heroine. Naomi Judd, one half of the iconic country music duo The Judds, reportedly died by suicide after years of struggling with mental illness. This way, the bidders are not forced to bid at fair market value from the start of the auction. In a Reserve Price auction, the seller starts the auction at a value below the lowest price at which s/he is willing to sell (the Reserve Price) to capture the bidder interest. Bidders who are contacted under these circumstances, however, are under no obligation to purchase the item. In this case, the seller will have a period of 48 hours after the auction close in which to contact the highest bidder whose offer was below the reserve price.
If the highest bid at the auction close does not meet the seller's Reserve Price, the seller is not required to sell the item unless the seller chooses to do so. Reserve Price Met - The current amount of the highest bid is equal to, or greater than, the reserve price and the item will be sold. Reserve Price NOT Met- The current amount of the highest bid is below the reserve price and the item will not sell at auction close. If the seller as set a Reserve Price you will see either a "Reserve Price NOT Met" or "Reserve Price Met" message on the listing page depending on whether the current bid is below, or at or above, the reserve. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. The Reserve Price is higher than the Opening Value.
In a Reserve Price Auction, the seller has set a Reserve Price, which is a price below which the listing will not sell.
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