A Reserve Price can be a valuable tool to ensure that your auction item(s) sell for a minimum price. By setting a reserve price, you can avoid selling your item for less than its perceived value.
Here's how to do it:
Step 1: Configure your product(s) for auction and add them to your show. For more on this step see the Auctions 101 article. Add the product to the show as you would any other auction product.
Step 2: Once live, tap the gavel icon on the right side of your screen and select the product you want to set a reserve price for.
Step 3: Enter your desired starting bid, auction time and tap Enable Reserve Pricing. Then input your reserve price and tap continue.
You will see your auction item in a ready for auction state. When you are ready tap Start Auction and your establish reserved price will be in effect.
Once the reserve price has been met, you will be notified on the bottom of the auction card.
Please note, customers will not be able to see what the reserve price is, they will just be informed that there is a reserve price in effect.