hammer price

noun

: the price at which an item is sold at auction

Examples of hammer price in a Sentence

Recent Examples on the Web Bring more than $20 million to the table; the latest auction hammer price was $20.5 million. Sean Evans, Robb Report, 21 May 2024 This unique 18-karat white gold version, however, is rarer than, well, a unicorn, which is reflected in its final hammer price. Oren Hartov, Robb Report, 22 Mar. 2024 The action on the auction floor toward a hammer price faltered rather than took flight as the hammer price approached the house estimate. Guy Martin, Forbes, 27 Nov. 2023 What the buyer won at that final hammer price, the painting seems a bargain — by virtue of place in the oeuvre, sitter, sterling provenance, and not least, the highly detailed, personal Picasso-family narrative bolted to that specific canvas. Guy Martin, Forbes, 27 Nov. 2023 Christie’s says 25 percent of the total hammer price will be divided equally and donated to nonprofits that Knopfler has supported for many years, including the British Red Cross, the Tusk Trust, and Brave Hearts of the North East. Rachel Cormack, Robb Report, 21 Nov. 2023 The final hammer price was $47 million—a buyer’s premium of 10% brought the tally to its total price to $51.7 million. Hannah Elliott, Fortune, 14 Nov. 2023 Patek Philippe watches have long been a collectors’ favorite, and in 2019 a one-of-a-kind Grandmaster Chime from the Swiss manufacturer became the world’s most expensive watch at auction, with a hammer price of $31.2 million. Oliver Hu, NBC News, 24 May 2023 With a hammer price of $522,110, the hat was amongst the most valuable items the auctioneer ever handled. Simon Ingram, Town & Country, 30 June 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'hammer price.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

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

First Known Use

1900, in the meaning defined above

Time Traveler
The first known use of hammer price was in 1900

Dictionary Entries Near hammer price

Cite this Entry

“Hammer price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/hammer%20price. Accessed 20 Jul. 2024.

Last Updated: - Updated example sentences
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