The reserve price may be "fixed" or "discretionary"-in the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it.
In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it. The reserve price may be "fixed" or "discretionary".
The reserve price may be "fixed" or "discretionary". In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it.
The reserve price may be "fixed" or "discretionary". In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it.