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ENTRY FORM FOR IMPLEMENT SALE DATE OF SALE 12 AUGUST 2017 NAME ADDRESS POSTCODE TELEPHONE MOBILE DESCRIPTION OF ITEMRESERVERESERVE PRICES THIS SHOULD BE THE MINIMUM PRICE YOU WILL ACCEPT FOR THE ITEM
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Reserve prices refers to the minimum price set for an auction. It is the lowest price that a seller is willing to accept for a product or service.
Sellers or auctioneers are typically the ones required to set and file reserve prices for an auction.
Reserve prices can be filled out by determining the minimum price the seller is willing to accept, based on market conditions and desired outcomes.
The purpose of reserve prices is to ensure that the seller does not have to sell their product or service for less than the minimum acceptable price.
The reserve price itself, along with any relevant details or conditions related to the auction, must be reported on reserve prices.
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