reserve price


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

There is a reserve price of $5,000, plus $600 for shipping. Boyce Garrison,, "Boltman decides to bolt; costume & rights for sale," 12 July 2018 Some of the premiere items won't go to the highest bidder unless that bid meets the secret reserve price set by White, Logan said. Mike Hendricks, kansascity, "Missouri attorney general investigating Frank White's personal financial dealings," 15 June 2018 There is a reserve price, which the sellers don't have to disclose but buyers can expect to pay north of what Prince paid. Maria Puente, USA TODAY, "Got millions? You can bid on Prince's pricey Caribbean villa, complete with a purple driveway," 7 May 2018 Photo: Patricia Monteiro for The Wall Street Journal (2) Seized by the courts, the 2,314-square-foot apartment with sweeping views of the ocean is to be auctioned at a reserve price of $659,000, with the proceeds likely going to Petrobras. Luciana Magalhaes And Samantha Pearson, WSJ, "For Sale: Apartment Once Owned by Former Brazilian President Convicted of Bribery," 4 Apr. 2018 Both the DiMaggio and the Earhart sold below their upper estimate ($281,250 and $75,000 respectively), and the Billie Holiday did not even reach the reserve price. H.w. Vail, Vanities, "When Is a Watch Worth $280,000? When Joe DiMaggio Once Owned It," 8 Dec. 2017 The gem, which is just smaller than a tennis ball and weighs in at 1,109 carats, went up for auction at Sotheby’s last year, Fortune magazine reported, but failed to meet its $70 million reserve price. Matthew Diebel, USA TODAY, "The Lesedi La Rona, the second-largest gem-quality diamond ever, sells for $53 million," 26 Sep. 2017 The Canadian mining outfit Lucara Diamond (lucrf, -2.66%) had been struggling to sell the 1,109-carat uncut stone, with a Sotheby's auction last year failing to achieve the $70 million reserve price. David Meyer, Fortune, "Here’s How Much It Costs to Buy a Diamond the Size of a Tennis Ball," 26 Sep. 2017 Cost and noise, for starters (at $196,000, the Terrafugia has already been branded a rich man's toy, to say nothing of Moller's $3.5 million reserve price). Steven Kotler, Esquire, "We're So Close to Having the Flying Car. But Will We Ever Drive One?," 18 May 2015

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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The first known use of reserve price was in 1919

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More Definitions for reserve price

reserve price


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


Legal Definition of reserve price

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

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