> For the complete documentation index, see [llms.txt](https://docs.tipo.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tipo.io/tipo-auction/auction-rules-and-bidding-features/minimum-selling-price.md).
# Minimum selling price
### ℹ️ What is Minimum selling price (Reserve price)?
A Minimum selling price - reserve price is the minimum price you are willing to accept for an auction item.\
If bidding does not reach this price, the item will not be sold, even if there are bids.
If the highest bid is below the reserve price, the auction has no winner.
***
### 🛠️ Set up Minimum selling price
1. Open the app > click **Auctions** > create a new auction or open an existing auction
2. In Additional options section, turn on **Minimum selling price**
The item will only sell if the final bid reaches this price
There are 2 ways to place the buy out price:
* **Fixed**: you place a price you want. For example: 500$
* **Percentage**: the reserve price will be calculated based on the product original price. For example: 80%
3. Tick on checkbox **Show minimum price to bidders** (optional)
4. Click **Save** to update the changes
***
### ✅ How the Minimum selling price Works
* You set a **Minimum selling price** when creating the auction
* The auction runs and customers place bids
* When the auction ends:
* If the highest bid meets or exceeds the Minimum selling price → winner is selected
* If the highest bid is below Minimum selling price → no winner
#### Example
**Auction settings**
* Starting price: **$50**
* Minimum selling price: **$200**
**Scenario 1:** Minimum selling price met
* Highest bid: **$220**
✅ Result:
* Auction has a winner
* Winner completes checkout at **$220**
***
**Scenario 2**: Minimum selling price not met
* Highest bid: **$150**
❌ Result:
* No winner is selected
* No order is created
***
**🙋 Still need support?**
If you still need help, please feel free to contact us at . We’ll be happy to assist you further.
---
# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.
## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://docs.tipo.io/tipo-auction/auction-rules-and-bidding-features/minimum-selling-price.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.