Skip to content Refers to the last bid on an item that will be used when the seller’s reserve price is not met. The seller can be contacted after the auction to see if they will accept the bid. If the seller chooses to accept the high bid, the bidder will be given the opportunity to purchase the item at the bid amount. Of course since the auction for that item was closed without meeting the reserve, the high bidder has the right to rescind the bid at that time.
