What is a reserve price?

What is a reserve price?

A reserve price is a hidden minimum selling price set by the seller and SongVest. It is also the lowest price that a seller is willing to accept for an item. If no bids meet the reserve price when an auction ends, the seller is not required to sell the item. If there is a reserve price for an auction it will be noted on the listing.

    • Related Articles

    • Who sets the price?

      The reserve price and minimum bid will be mutually determined by you and SongVest management. We want to give you complete control of your listings, as well as provide your auction with the best possible probability of success.
    • What happens if my royalties don't sell?

      If your auction fails to reach its reserve price, you have the option to have SongVest negotiate on your behalf with the highest bidders to strike a deal. Otherwise, there is no sale. SongVest charges no fees for auctions that fail to sell.
    • What documentation do I need to provide in order to sell my royalties?

      To have your royalty stream listed on SongVest, you will need to provide us with the following information:  What you’d like to sell (i.e. for music: songwriter’s share of performance royalties, mechanical royalties, production royalties, etc.)  The ...
    • What is a VIP Auction?

      For each offering (or auction), SongVest holds a non-binding VIP ("Verify Interest of Participation") Auction with potential investors. It is referred to as a "Test The Waters" auction under Tier 2 of Regulation A of the Securities Act and the ...
    • How do VIP Auctions work?

      During the VIP Auction period, participants can make non-binding bids on a fractional share of the royalty stream. The number of royalty share units available will vary for each auction. Once all units have sold out at a certain price, it will ...