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.
Here is a lovely oil lamp base, made of hand molded and painted glass. Brass insert and feet. No makers mark and I have not seen one like it to identify its date or origin. Just beautiful hand painting and detail of flowers, leaves, stems - even a spider's web. Stands 6.25 inches tall, 9 inches in diameter. See photos - they tell it all! No chips, cracks, nor repairs. Some minor gold loss on the seams between the raised glass segments.