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Also, many sellers prefer Reserve Price auctions when they are not sure of the market value of an item, and want to find an audience by enticing multiple bidders' interest.Ī Dutch Auction occurs automatically on Major League Baseball Auctions when a seller has multiple, identical items offered for sale. This way, the bidders are not forced to bid at fair market value from the start of the auction. In a Reserve Price auction, the seller starts the auction at a value below the lowest price at which s/he is willing to sell (the Reserve Price) to capture the bidder interest. Bidders who are contacted under these circumstances, however, are under no obligation to purchase the item. In this case, the seller will have a period of 48 hours after the auction close in which to contact the highest bidder whose offer was below the reserve price. If the highest bid at the auction close does not meet the seller's Reserve Price, the seller is not required to sell the item unless the seller chooses to do so.
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Reserve Price Met - The current amount of the highest bid is equal to, or greater than, the reserve price and the item will be sold. Reserve Price NOT Met- The current amount of the highest bid is below the reserve price and the item will not sell at auction close. If the seller as set a Reserve Price you will see either a "Reserve Price NOT Met" or "Reserve Price Met" message on the listing page depending on whether the current bid is below, or at or above, the reserve. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. The Reserve Price is higher than the Opening Value. In a Reserve Price Auction, the seller has set a Reserve Price, which is a price below which the listing will not sell. Visit for the best and latest in NBA game-worn jerseys and other memorabilia items. Every item comes directly off the backs of the NBA's greatest players and directly off the courts from the league's most exciting events under the watchful eyes of an NBA or MeiGray representative. MeiGray Group, the Official Game-Worn Source of the NBA, offers collectors the highest standards of authenticity for an exciting array of game-worn items. This white jersey, a Size 52+6 inches extra length, is registered into the NBA and MeiGray Game-Worn Jersey Authentication Program as number SASW01599. He played 26 minutes and registered 19 points with 1 assist, 8 rebounds and 1 blocked shot. Gay wore this Association Edition jersey during the Spurs' 129-120 victory over the Sacramento Kings on Jat VISA Athletic Center in Orlando, FL. a jersey worn in a regular-season game from the 2019-20 National Basketball Association Restart, by #22 Rudy Gay of the San Antonio Spurs.Īs part of a commitment to social justice, all proceeds from this auction of game-worn jerseys from opening weekend of the NBA 2019-20 season restart will be donated to the Players' Justice Fund, which will be administered by the National Basketball Players Association Foundation.
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