reserve price

noun

: a price announced at an auction as the lowest that will be considered

Example Sentences

Recent Examples on the Web Tom and Sarah-Jane's house only sold for only $4,100,000.99, which was just $20,000.99 above their $4.08 million reserve price. Alicia Vrajlal, refinery29.com, 11 Nov. 2022 Even the reserve price would set its value at $1billion unicorn status. Stephanie Hirschmiller, Forbes, 1 May 2022 Khadavi’s reserve price, this has left both seller and agent highly disappointed. Chloe Taylor, Fortune, 16 May 2022 This week, the Lakepoint condominium in Jurong in western Singapore was again put up for sale at a reserve price of S$640 million. Jonathan Burgos, Forbes, 21 Apr. 2022 Celebrity botox doctor Alex Khadavi told The Wall Street Journal in April that his Bel-Air spec house would sell in excess of its $50 million reserve price at auction. Sarah Paynter, WSJ, 9 May 2022 Other specialists told the New York Times that auction withdrawals typically happen when there are legal concerns or a fear that the reserve price won't be met. Sophie Mellor, Fortune, 25 Feb. 2022 The auction’s reserve price of $258,500 is $90,500 less than the last asking price of $349,000. oregonlive, 26 Nov. 2021 The fall auction season kicks off next week with a special sale in which every lot is one-of-a-kind, there is no reserve price, and proceeds are donated to a great cause. Carol Besler, Forbes, 22 Oct. 2021 See More

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

Word History

First Known Use

1919, in the meaning defined above

Time Traveler
The first known use of reserve price was in 1919

Dictionary Entries Near reserve price

Cite this Entry

“Reserve price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20price. Accessed 27 Nov. 2022.

Legal Definition

reserve price

noun

: a price announced at an auction as the lowest that will be considered
Last Updated: - Updated example sentences
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