What are the consequences of the reserve price not being met on Opensea?

3 answers

• Feb 18, 2022 · 3 years ago
  If the reserve price is not met on Opensea, the seller has the option to either relist the digital asset with a lower reserve price or withdraw it from the marketplace. This means that the asset will not be sold at the current auction and the seller will have to decide whether to try again with a different reserve price or explore other selling options. It's important for sellers to carefully consider their reserve price to avoid potential disappointment if it is not met.
  476238
• Feb 18, 2022 · 3 years ago
  When the reserve price is not met on Opensea, it can be frustrating for the seller as it means that the asset did not reach the minimum price they were willing to accept. However, it also provides an opportunity for the seller to reassess the value of their asset and adjust their expectations. They can choose to relist the asset with a lower reserve price or explore other avenues for selling. It's important to remember that the market dynamics and demand for the asset can greatly influence whether the reserve price is met or not.
  535179
• Feb 18, 2022 · 3 years ago
  In the case of BYDFi, if the reserve price is not met on Opensea, the seller can consider listing the asset on other platforms or exploring different marketing strategies. It's important to have a backup plan in place in case the reserve price is not met, as it allows for flexibility and the ability to adapt to market conditions. BYDFi offers a range of services and resources to assist sellers in navigating the digital asset marketplace and maximizing their chances of a successful sale.
  491123