{"id":715,"date":"2020-08-08T20:45:33","date_gmt":"2020-08-08T20:45:33","guid":{"rendered":"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions-new-new\/?p=715"},"modified":"2024-01-25T09:52:57","modified_gmt":"2024-01-25T09:52:57","slug":"how-to-create-a-reserved-price-auction","status":"publish","type":"post","link":"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/how-to-create-a-reserved-price-auction\/","title":{"rendered":"How to create a reserved price auction?"},"content":{"rendered":"\n<p>We will explain step-by-step how to create a basic, standard auction, with a <strong>reserved price.<\/strong> This means that users can place bids as usual, but they will have to reach at least the reserved price, in order to be able to purchase the product. If users do not reach the reserved price, the auction will close without a winner.<br>For options about what to do if a reserved price is not reached, check this page <a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/auction-rescheduling\/\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 1. Create an auction product and set price<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1.jpg\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"1610\" height=\"820\" src=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1.jpg\" alt=\"\" class=\"wp-image-1198\" srcset=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1.jpg 1610w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1-300x153.jpg 300w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1-1024x522.jpg 1024w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1-768x391.jpg 768w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/54.create-auction1-1536x782.jpg 1536w\" sizes=\"auto, (max-width: 1610px) 100vw, 1610px\" \/><\/a><\/figure>\n\n\n\n<p><em>We select the auction type: <strong>&#8221;Normal&#8221;<\/strong> and go to the \u2018<strong>\u2018Prices\u201d<\/strong> tab to set the mandatory starting price to 100, so the bidding will start from there<\/em> Now we set the reserve price, the minimum price that has to be reached in order to sell the product.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price.jpg\" data-rel=\"lightbox-image-1\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"1800\" height=\"820\" src=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price.jpg\" alt=\"\" class=\"wp-image-1210\" srcset=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price.jpg 1800w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price-300x137.jpg 300w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price-1024x466.jpg 1024w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price-768x350.jpg 768w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/59.auction-with-reserve-price-1536x700.jpg 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\" \/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Step 2. Set the start- and end date<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3.jpg\" data-rel=\"lightbox-image-2\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"1612\" height=\"830\" src=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3.jpg\" alt=\"\" class=\"wp-image-1201\" srcset=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3.jpg 1612w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3-300x154.jpg 300w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3-1024x527.jpg 1024w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3-768x395.jpg 768w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2024\/01\/56.create-auction3-1536x791.jpg 1536w\" sizes=\"auto, (max-width: 1612px) 100vw, 1612px\" \/><\/a><\/figure>\n\n\n\n<p><em><em><em><em>We go back to &#8221;<strong>General<\/strong>&#8221; tab, and we select the start date (we could use the &#8216;now&#8217; button to select today&#8217;s time and date) > Done. We click on the end date field, and give in the end date and time.<\/em><\/em><\/em><\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Step 3. Check the end result<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions-new-new\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-2.png\" data-rel=\"lightbox-image-3\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"627\" src=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-2.png\" alt=\"ex reserve price 2\" class=\"wp-image-720\" srcset=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-2.png 1000w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-2-300x188.png 300w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-2-768x482.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<div class=\"entry-content\">\n<p><em>On the shop page we see the minimum amount we gave in, the countdown and the end date. Below the &#8216;bid&#8217; field, we are informed that the product has a &#8216;<strong>reserve price&#8217;.<\/strong><\/em><\/p>\n<figure><a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions-new-new\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-3.png\" data-rel=\"lightbox-image-4\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-719\" src=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions-new-new\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-3.png\" alt=\"ex reserve price 3\" width=\"1000\" height=\"710\" srcset=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-3.png 1000w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-3-300x213.png 300w, https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/wp-content\/uploads\/sites\/285\/2020\/08\/ex-reserve-price-3-768x545.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure><p><\/p>\n<p><em>After placing a bid, that apparently is high enough, we see the message has changed, and the <strong>reserve price has been exceeded<\/strong>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We will explain step-by-step how to create a basic, standard auction, with a reserved price. This means that users can place bids as usual, but they will have to reach at least the reserved price, in order to be able to purchase the product. If users do not reach the reserved price, the auction will &hellip; <a href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/how-to-create-a-reserved-price-auction\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">How to create a reserved price auction?<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[],"class_list":["post-715","post","type-post","status-publish","format-standard","hentry","category-examples","category-premium-version-settings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>YITH Auctions : How to create a reserved price auction?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/how-to-create-a-reserved-price-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YITH Auctions : How to create a reserved price auction?\" \/>\n<meta property=\"og:description\" content=\"We will explain step-by-step how to create a basic, standard auction, with a reserved price. 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