When listing an item, the seller can set a Reserve Price. The Reserve Price is the lowest price at which a seller is willing to sell an item. The Reserve Price is kept secret from the bidders.
The auction starts at the Starting Bid price. When a bidder's Maximum Bid is equal to or greater than the Reserve Price, AutoBid posts a bid which meets the Reserve Price for the item, and the words 'Reserve Met' will appear next to the Current Bid on the item listing page.
If the seller's Reserve Price has not been met, the words 'Reserve Not Met' show next to the current bid.
If the auction has no Reserve Price, the words 'No Reserve' display next to the current bid.
If bidding does not meet or exceed the seller's Reserve Price, the item is not considered sold.