hammer price

noun

Definition of hammer price 

: the price at which an item is sold at auction

Examples of hammer price in a Sentence

Recent Examples on the Web

The hammer price was reportedly $550,000 — well below the $600,000 pre-auction low estimate. Stephan Salisbury, Philly.com, "La Salle artworks attract mild interest at New York auction," 19 Apr. 2018 Estimates peg the hammer price somewhere between $242,000 and $295,000. Andrew Wendler, Car and Driver, "The Hellion: 1985 Porsche 911 Turbo SE Owned by Judas Priest Guitarist Headed to Auction," 29 Sep. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'hammer price.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of hammer price

1900, in the meaning defined above

History and Etymology for hammer price

from the hammer used by the auctioneer to signal the auction's end

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The first known use of hammer price was in 1900

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