A reserve price is the lowest price that the seller is willing to accept for the item. If the listing ends without any bids that meet the reserve price, the seller is not required to sell the item.

As a buyer, you are not shown the reserve price.  When you bid on an auction-style listing with a reserve price, the label next to the current bid price tells you if the reserve has been met. Once the reserve has been met, the 'reserve not met' label will disappear. Learn more about reserve prices.