reserve price

noun

Definition of reserve price

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

Examples of reserve price in a Sentence

Recent Examples on the Web The company did not specify a starting bid or reserve price for the Gehrig NFT auction. Khristopher J. Brooks, CBS News, 1 June 2021 If the bidding surpasses the reserve price for the token, all additional proceeds will go to The Chronicle’s flagship charity, Season of Sharing. Emilio Garcia-ruiz, San Francisco Chronicle, 27 Apr. 2021 The auction opened with a minimum bid of 48 Ether, which at the time was valued at around $110,000, and an undisclosed reserve price -- the minimum amount Dulgeroff would accept -- of $2 million. Anna Bahney, CNN, 27 Apr. 2021 The auction will run for 24 hours after the reserve price is met, though more time gets added if people bid in the last 15 minutes. New York Times, 24 Mar. 2021 While there is no reserve price, the island is listed at a value of $19.5 million, and a $100,000 deposit is required to bid. Meena Thiruvengadam, Travel + Leisure, 12 Mar. 2021 Once the home of poet and playwright François Coppée, the property was auctioned off to financier Jean-Bernard Lafonta for nearly six times the reserve price. Fox News, 12 Aug. 2020 The reserve price has been reduced to $1.1 million. oregonlive, 8 June 2020 The bat was up for auction in February and didn't reach its reserve price, but a private buyer later came forward and completed the purchase in the last week, Chris Ivy, director of sports auctions at Heritage Auctions in Dallas, told ESPN. Steve Gardner, USA TODAY, 9 Apr. 2020

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.

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First Known Use of reserve price

1919, in the meaning defined above

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Time Traveler for reserve price

Time Traveler

The first known use of reserve price was in 1919

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Dictionary Entries Near reserve price

reserve officer

reserve price

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Cite this Entry

“Reserve price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20price. Accessed 19 Sep. 2021.

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More Definitions for reserve price

reserve price

noun

English Language Learners Definition of reserve price

: the lowest price that a seller will accept for the thing that is being sold at an auction

reserve price

noun

Legal Definition of reserve price

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

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