Minimum bid- the basic bottom line price where the bidding STARTS!, this does not mean you are going to get the asset.
Reserve price-This is the price that if met YOU WILL GET THE ASSET automatically
Please do not expect to get any cities or anything else at the minimum price. you will only be in for a let down. I myself and others did not spend countless hours,days,weeks, and months at Weblo.com managing and strategically buying and selling assets to one day sell one for 1/4 of it's worth. at least not me, if you want a city pay the price or piper for that matter. It is not my fault you found weblo late,i can remember only a handful of times where i let an asset go below where i bought it. I very rarely will let any city go below $18 so if you don't have $18 or the reserve price beg it,borrow it or do not bid