Understanding Reserve Prices In Business Liquidation Auctions

A reserve price in business liquidation auctions in Ohio is the minimum amount a seller is willing to accept for an item. It ensures that assets aren't sold for less than their value. While protecting the seller's interests, it also guides buyers in setting their bids. If the reserve price isn't met, the item may not be sold, maintaining fair market value. To know more visit here https://www.wyethauctions.com/industries/liquidating-the-office-and-workplace