What are "unsold" lots?

Modified on Tue, 29 Aug, 2023 at 8:52 AM

Sellers on auctions can define a minimum price for which they are willing to sell a whisky, also called "reserve price".

If the highest bid is lower than that reserve price (or there are no bids), the auction lot is not sold. 

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article