Is the Consign.bid auction a “Absolute” auction or a “Reserve” Auction?

Some items in this auction are absolute (highest bid wins, no matter what!), while others have a reserve—a private minimum the seller hopes to reach. If the reserve isn’t met, the seller can lower it on the spot, accept the highest bid anyway, or pass the item to relist later. They can also withdraw an item at any time before the hammer falls. The highest bid is subject to Seller’s Conditions.

Consign.bids auctions are very open and transparent between sellers and buyers. The Buyer’s Premium and Sales Commission are expected to be paid if a deal is made before bidding starts or after the auction is completed, regardless of the time frame. 

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