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

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

The jersey, on sale with Graham Budd Auctions last week, remains in Anderson’s possession after failing to reach its reserve price of around $40,000 (£30,000), but the whole collection reached a hammer price of roughly $180,000 (£135,335). —

George Ramsay, CNN, 7 Oct. 2024 With a live auction that will be held with a reserve price of a couple hundred dollars, as well as a silent auction with bidding starting at just $20, even those not local to Santa Barbara can get in on the action with items that will be available to preview online. —

Kristin Guy, Sunset Magazine, 30 Sep. 2024 The first lot is for the sale of the entire collection with a reserve price of $1 million and an estimate between $12 million and $30 million. —

Francesca Aton, ARTnews.com, 20 Sep. 2024 The youngest couple and clear favourites to win had one of the highest reserve prices of $3.35. —

Alexandra Koster, refinery29.com, 18 Feb. 2024 See all Example Sentences for reserve price

Word History

First Known Use

1919, in the meaning defined above

Time Traveler

The first known use of reserve price was in 1919

See more words from the same year

Cite this Entry

Style

“Reserve price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20price. Accessed 23 Dec. 2024.

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