Already on it. We shall see if it hits reserve. Many M3Ws on BaT stall in the low $40s. I am not sure if a sale then gets done off-line, and if it does at what price. We shall see on Tuesday.
If you have not found it already you may find the auction history graph very interesting.
https://bringatrailer.com/morgan/3-wheeler/Usual rules apply in that you need to consider the characteristics of each car as you will get some outliers in the trade history i.e the 2017, 4K M3W sold August 20,2019 for US$ 48,250 was a well sorted, cracking looker with all the fruit plus a custom made trailer.
You are on the right track as to "reserve"
Of the 21 auctions so far, 7 did not meet reserve. If you are the best bid below reserve, BaT will put you in contact with the vendor and a chance to do an off market trade as most sellers of these cars prefer to take a financial mauling in private.
I can see you have had a bid so good luck.....
