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.
Antique, Circa 1915 Edwardian Estate ring crafted of 14k yellow and white gold and set with mined, square cut sapphires. Set along with the sapphires are two round cut diamonds. This ring is very small and cab be sized either way by a competent jeweler. See the appraisal for more detail. Gold has skyrocketed since the appraisal, but I have not raised the price. Please look at all the pictures.