Different sales statuses indicate the current status of the auction.
Pure Sale – The seller has not set a minimum or reserve price, and the highest bidder will simply receive the lot.
On Approval – The seller has reserved the right to officially approve the highest bidder. The seller has until 5 p.m. PT (Pacific Time) two business days after the sale to approve or decline. If approved, the high bidder is obligated to purchase the vehicle.
Minimum Bid – The seller has placed a minimum or reserve price at which he will accept a winning bid. If the minimum is not met at the end of the auction, the seller has until 5 p.m. one business day after the end of the auction to accept or decline the highest bid.