N/R
No reserve
Example
hey, did you bid on that vintage guitar auction?
yup, it's n/r, hoping to snag it for a great price!
N/R definition by Slang.net - The Slang Dictionary
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N/R is for when an item on eBay is up for grabs with no reserve price. This means the seller has not set a minimum bid amount, and the highest bid takes the prize.
It's an exciting opportunity for auction enthusiasts to snag a deal, as sellers hope for bidding wars to drive up the price. If you are a bargain hunter, spotting an N/R listing could be your ticket to scoring a valuable item at a discount.
On the flip side, sellers often use this strategy to entice more bidders and create a more competitive atmosphere. While it can be risky for sellers hoping to maximize profit, the "anything goes" allure makes the auction scene more exciting.