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#4
12-08-2023, 08:25 PM
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In REA, I am pretty sure the fact of the reserve is disclosed upfront/immediately on day 1. The amount of the reserve is not shown, but you can call/email and they will tell you. Contrast with Heritage where you may not know there is a reserve until about 3 days before the auction ends and then the minimum bid will automatically jump to the reserve amount and it will say “reserve not met” with “**”.
I have won several items from REA that had reserves. Each time I knew it had a reserve and I asked, and was told, what it was. In all cases the reserve was met in its own. 
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