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 The Mantle helmet, signed and worn during the 1961 season, closed at $36,000 to beat estimates, while Schumacher’s racing suit went for $33,600, below expectations but with no reserve price. Dylan Manfre, Sportico.com, 2 Aug. 2024 King’s Auctions said that if the reserve price is met, the event will be over and the complete collection will go to the winning bidder. Kevin Dolak, The Hollywood Reporter, 1 Aug. 2024 According to the auction house, the item didn’t reach the reserve price set by the consignor. Sarah Kuta, Smithsonian Magazine, 23 July 2024 If the reserve price is met, the entire event will be over at once and the complete collection will go to the winning bidder. Kevin Dolak, The Hollywood Reporter, 22 July 2024 See all Example Sentences for reserve price 

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 19 Aug. 2024.

Legal Definition

reserve price

noun
: a price announced at an auction as the lowest that will be considered
Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!