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 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, "Decomposing corpse discovered inside basement of historic Paris mansion during restoration," 12 Aug. 2020 The reserve price has been reduced to $1.1 million. oregonlive, "Oregon home bargains on the auction block: Remote land and a log house," 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, "Lou Gehrig bat, which dates to 1922, sells for more than $1 million," 9 Apr. 2020 Despite estimates that the dress would fetch between $330,000 and $450,000, bids failed to reach the reserve price of around $265,000. Stephanie Petit, PEOPLE.com, "Princess Diana's Famous 'John Travolta Dress' Fails to Sell at Auction," 10 Dec. 2019 Apparently that figure, called the reserve price, was not reached. Peter Valdes-dapena, CNN, "$17 million or $70 million? 1930s Porsche fails to sell after auction snafu," 18 Aug. 2019 The highest reserve price of all the items in the Classic Auctions: $25,000 for one of Gretzky’s No. BostonGlobe.com, "You're using a browser set to private or incognito mode.," 6 Oct. 2019 The James Bond Submariner 6358 did not meet its reserve price, which means anyone looking to play Agent 007 is still in luck should the item become available at a future date. Fortune, "The Future of Auctions Might Rely on Luxury Items," 31 Aug. 2019 Unless an auctioneer has declared otherwise, all sales are conducted with a reserve price that typically is not disclosed. Dennis Wagner, azcentral, "Fake bids drive up prices on popular site Auction Nation, Republic finds," 24 June 2019

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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Statistics for reserve price

Last Updated

15 Aug 2020

Cite this Entry

“Reserve price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20price. Accessed 22 Sep. 2020.

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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

Comments on reserve price

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