In most cases, yes — you may apply a reserve price to your goods when selling via auction.
What is a reserve?
A reserve is the confidential minimum price at which a lot may be sold.
Reserve rules
- You may set a reserve at or below the low estimate.
- You may request a reserve above the low estimate, but LANGTONS must approve it.
- If the low estimate is $20 or less, a house reserve applies and you cannot set a reserve yourself.
Once the auction is live
Once an auction has gone live, the reserve can no longer be changed.
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Need assistance?
From buying and selling to delivery, storage and account support, our team is here to assist.
For personalised guidance, please contact your Private Client Manager or submit an enquiry via our Customer Experience and Auction contact form.
If you would prefer to speak with us, please call 1300 946 347 and follow the prompts so we can direct your enquiry to the appropriate team.