The Reserve is simply the lowest figure that you are prepared to accept for your item on the day of the sale. This figure is confidential and therefore not available to potential purchasers. It is, however, subject to commission, if sold. (No sale - No commission)
By way of advice, a higher Reserve may dissuade potential customers from bidding, whereas a lower Reserve is far more likely to generate interest.
'It is always far easier to encourage people to continue to bid than it is to get them going in the first instance'