I started the bid out at $.01 because I hate paying entrance fees for ebay, usually if you have something of worth ppl will bid on it. So it doesnt have a reserve or nothin, and yes it is the Korean made bass. A lot of ppl trash these basses because the are "not as good as the pre-gibson or mtds" but remember , 635 MTDs run about $4200 and pre gibson Tobias basses run about $2500- $3000, this will surely sell under $1000 and it is a really quality bass.