what is a reserve on eBay?

Question: there is a psp bundle i want to but but it says "$150 Reserve" and it tells me "Reserve not met." what is a reserve and why is it not met? Thanx!

Answer: Basically, if the seller is selling something, and they don't won't the item to be sold until it reaches a certain price. For example, if I sell a computer, and I don't want someone to be able to buy it for $5, I could put a reserve of $300, so the item won't get sold until I get a bid of $300 or higher. So, unless you bid $150 dollars or higher, you won't be able to buy the psp bundle...

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