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

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 Sometimes bidding doesn't reach the reserve price -- the $900,000-plus offered for Maven, for example, resulted in no sale. Matt Majendie, CNN, "London's boutique horse sale in Prince William's back yard," 26 June 2019 Consumers are not told the minimum acceptable sale price, known as the reserve price. Dennis Wagner, azcentral, "Fake bids drive up prices on popular site Auction Nation, Republic finds," 24 June 2019 The property sold without a reserve price, according to Concierge Auctions, which handled the auction in late July. Katherine Clarke, WSJ, "The Extravagant Estate in California That Sold for Over 50% Off," 20 Nov. 2018 There is a reserve price of $5,000, plus $600 for shipping. Boyce Garrison, sandiegouniontribune.com, "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

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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Last Updated

18 Aug 2019

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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

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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Rhyming Dictionary: Words that rhyme with reserve price

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