A pre-determined minimum price the Seller will accept.

Sets a minimum required bid for the item to be sold. (This offers the greatest protection to the Seller). Real Property is usually sold with a Reserve price and requires Seller confirmation.
Items are guaranteed to sell to the highest bidder regardless of the price. There are No Reserve Price or Minimum Bids.
Usually held outdoors, you load your truck or trunk with items for sale and the Auctioneer goes row to row selling all your items before moving on to the next in line.
You consign your items to an auctioneer to be sold with items belonging to others. This makes being able to sell a few items at Auction possible.
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