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.
UP FOR AUCTION.....USED....STAINLESS STEEL TICKET WHEEL....WITH 20 TAG HOLDERS....THIS IS TO BE CEILING MOUNTED....SIZE IS 22 INCHES IN WIDTH.....TOTAL HEIGHT IS 13 INCHES...STARTING BID IS $40.00.....GOOD LUCK BIDDING.