This price is the lowest price the seller is willing to sell a particular item. This price is not revealed to bidders until the reserve price is met during the bidding. This type of auction is not available on all auction sites. The seller has more than one of the same item up for sale. The seller determines the starting bid for all items and indicates how many are for sale.
Buyers can bid that price or higher.
For example, if a seller had three photos for sale the first three highest bidders would each win one photo. Private Auction Not used very often. Used when seller feel that the bidder would like to remain anonymous. One example might involve the sale of adult material. At the end of the auction only the seller and buyer are notified.