What is reserve price?
A reserve price is the minimum price at which a seller will complete an auction.
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reserve price in AI data
A data seller sets it from the cost of collection, outside offers and the buyer's likely value.
Type: auction parameter.
Where reserve price applies on this site
- Mechanism: English auction
- Mechanism: Dutch auction
- Mechanism: First-price sealed-bid auction
- Mechanism: Vickrey auction
- Mechanism: Reverse auction
- Mechanism: Posted-price sale
Quick answers
What is reserve price?
A reserve price is the minimum price at which a seller will complete an auction.
Why does reserve price matter in AI data?
A data seller sets it from the cost of collection, outside offers and the buyer's likely value.