Reserve price
The minimum amount a seller will accept in an auction. Bids below the reserve don't win even if they're the highest — the auction ends without a transfer.
How reserves work
In an auction, the reserve is a private floor the seller sets. The auction can run, attract bids, and still end without a winner if no bid meets the reserve.
Hybrid reserves
Deepnom auctions support a ‘hybrid’ format that reveals the reserve to bidders once a threshold percentage of (reserve − starting) is reached, eliminating bid-and-pray guesswork without giving the floor away on day one.