A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
Stamped Artic Made in Austria, In Pencil Otovalo Ecuador, "Vendedora De Ceramica" Ada Peacock, Selling Ceramics, 19 1/2" x 13 1/2", Bright Vivid Water Color "Gouache" heavy paper, pulled out of closet of 90+ yr old womans estate auction, she traveled all over world, probably 1940's, Bought at estate auction, combined or discounted shipping on multiple purchases. Thanks for looking.