▲ 2 r/catawiki
Why would someone list a high-value item (€550–€650 estimate) with "No reserve price" on Catawiki?
I came across a listing on Catawiki where an expert estimated an item’s value at €550€ – 650€ and the seller chose "No reserve price".
Doesn’t this mean the item could sell for as little as 1€ - 2€ if no one bids higher? That seems strange for something with such a high estimate. Am I missing something about how Catawiki’s auctions work or is this a risk the seller is intentionally taking?
Thanks!
u/santpolyglot — 2 days ago