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 is this silver pail from Pottery Barn. It's small, and has a border around the top of grapes on the vine. A little polish and it will be looking great again. Definitely a nice accent for the right room, or even a decorative plant pot.