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.
CARL ZEISS JENNA NOBILEM 15x60 B.....AS I UNDERSTAND ZEISS MADE THESE TO BE THE ULTIMATE BINOCULAR...HUGE PRISMS..THE BEST OF EVERY THING...THEY WERE SHORT LIVED...THEY WERE SIMPLY TO EXPENSIVE TO MAKE....RARE IN EUROPE ...ULTRA RARE IN THE U.S.......THEY LIVE IN A VERY SMALL GROUP OF BINOCULARS CONSIDERED THE BEST EVER MADE....that was these before the fall of the berlin wall....since then the name zeiss jena...has changed to docter optics...but there still the nobilem....still made by the same expert hands in the old zeiss factory...really just a wounderfull pair of binoculars