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.
YOU ARE LOOKING AT A VERY NICE MITUTOYO 40" VERNIER CALIPER IN A NICE WOOD BOX, YOU CAN BUY A NEW ONE OF THESE FOR $1200.00, OR YOU CAN BE HAPPY WITH THIS ONE FOR A FRACTION OF THE COST. THANKS FOR LOOKING!