Recent Examples of reserve price from the Web
There is a reserve price, which the sellers don't have to disclose but buyers can expect to pay north of what Prince paid.
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.
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.
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.
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.
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).
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.
RESERVE PRICE Defined for English Language Learners
Definition of reserve price for English Language Learners
: the lowest price that a seller will accept for the thing that is being sold at an auction
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