When adding an item for Auction, you first set it up in the Lots listing, allowing you to add items ahead of time before they are listed, as well as check over the information before you list the item.
If your item does not reach the reserve price then it will not sell. If this happens the item will return to Lots and you are able to re-list the item from there if you want. You can also contact the highest bidder and offer the item to them for their highest bid price/reserve price if you wish.
1. Within the Management Console, select Auction from the top menu, then Lots from the left menu.
If you wish to pass the item onto the highest bidder, SportsTG can also help with getting in touch with the highest bidders and creating the transactions for them.