reserve price
nounDefinition 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
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 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 2018These 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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