reserve price

noun

: 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 Reputations can change quickly: Barbara Walters’s estate sale, at Bonhams, netted millions less than the auction house had estimated; at Kirstie Alley’s recent estate auction, many objects didn’t meet their reserve prices. Rachel Monroe, The New Yorker, 18 Mar. 2024 One bottle is available to bid on through March 7 with a reserve price of $60,000, and the winner will also get a VIP visit to the distillery, a one night stay at the nearby Castlemartyr Resort, and the chance to try some rare Irish whiskeys. Jonah Flicker, Robb Report, 28 Feb. 2024 The mansion, dubbed Villa 71, will sell at or above its unpublished reserve price and is expected to bring in starting bids of at least $50 million. Abby Montanez, Robb Report, 13 Dec. 2023 The youngest couple and clear favourites to win had one of the highest reserve prices of $3.35. Alexandra Koster, refinery29.com, 5 Nov. 2023 Then, at the last minute, the auction houses had to adjust to demand by lowering the reserve price, the minimum at which an item will sell. Zachary Small, New York Times, 22 May 2023 The highest bid for her at the January 2021 Keeneland Horses of All Ages Sale was $14,000, which didn’t meet the reserve price set by breeder/co-owner Colette Marie Vanmatre. Jason Frakes, The Courier-Journal, 7 Apr. 2023 The next year, the home was never purchased at an auction for the reserve price of $13 million, Daily Herald reported. Charmaine Patterson, Peoplemag, 6 Apr. 2023 Ming Arcade was hotly contested, with Royal Group offering to buy the property at a 34% premium above the reserve price. Jonathan Burgos, Forbes, 18 Dec. 2022

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'reserve price.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 18 Jul. 2024.

Legal Definition

reserve price

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