Bidders can then bid at or above the minimum price for the quantity of items they which to purchase. The seller specifies the minimum price (the Opening Value) and the number of items for sale. 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. 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 black jersey, a Size 52+4 inches extra length, is registered into the NBA and MeiGray Game-Worn Jersey Authentication Program as number UTAW04252. He played 19 minutes and registered 4 points with 1 assist, 3 rebounds and 1 steal. Gay wore this City Edition jersey during the Jazz's 120-116 Christmas Day victory over the Dallas Mavericks on Decemat Vivint Arena in Salt Lake City, UT. a jersey worn in a game during the 2021-22 National Basketball Association regular season, by #8 Rudy Gay of the Utah Jazz. The NBA and MeiGray are proud to offer fans and collectors across the globe the opportunity to own a piece of history.