Just noticed that the start price is not the reserve either (no yellow banner ) His start price only has to be within 10% of his reserve price so in therory his reserve could be 1000.00 Pacific pesos
When reserve is met a red Banner will show on the auction and if its a no reserve auction a yellow banner will show.
Graduall bids will show when the bidding is within 15% of the reserve. I dont recomend this as it can give the seller the impression that the goods are worth more than people are really prepared to pay for them . He may choose to relist the item at the same reserve (if passed in ) rather than offer to watchers & bidders at a fixed price at auctions end.
Hope this explanation makes sense