reserve price
noun
: a price announced at an auction as the lowest that will be considered
Example Sentences
Recent Examples on the Web Even the reserve price would set its value at $1billion unicorn status. 
Stephanie Hirschmiller, Forbes, 1 May 2022 Khadavi’s reserve price, this has left both seller and agent highly disappointed. Chloe Taylor, Fortune, 16 May 2022 This week, the Lakepoint condominium in Jurong in western Singapore was again put up for sale at a reserve price of S$640 million. Jonathan Burgos, Forbes, 21 Apr. 2022 Celebrity botox doctor Alex Khadavi told The Wall Street Journal in April that his Bel-Air spec house would sell in excess of its $50 million reserve price at auction. Sarah Paynter, WSJ, 9 May 2022 Other specialists told the New York Times that auction withdrawals typically happen when there are legal concerns or a fear that the reserve price won't be met. Sophie Mellor, Fortune, 25 Feb. 2022 The auction’s reserve price of $258,500 is $90,500 less than the last asking price of $349,000. oregonlive, 26 Nov. 2021 The fall auction season kicks off next week with a special sale in which every lot is one-of-a-kind, there is no reserve price, and proceeds are donated to a great cause. Carol Besler, Forbes, 22 Oct. 2021 Additional requirements in #110 include purchase caps of 40 MHz in any one zone as well as a $14.8 billion reserve price ($0.48/MHz Pop) to fund the relocation of incumbent federal entities. Roslyn Layton, Forbes, 11 Oct. 2021 See More
Stephanie Hirschmiller, Forbes, 1 May 2022 Khadavi’s reserve price, this has left both seller and agent highly disappointed. Chloe Taylor, Fortune, 16 May 2022 This week, the Lakepoint condominium in Jurong in western Singapore was again put up for sale at a reserve price of S$640 million. Jonathan Burgos, Forbes, 21 Apr. 2022 Celebrity botox doctor Alex Khadavi told The Wall Street Journal in April that his Bel-Air spec house would sell in excess of its $50 million reserve price at auction. Sarah Paynter, WSJ, 9 May 2022 Other specialists told the New York Times that auction withdrawals typically happen when there are legal concerns or a fear that the reserve price won't be met. Sophie Mellor, Fortune, 25 Feb. 2022 The auction’s reserve price of $258,500 is $90,500 less than the last asking price of $349,000. oregonlive, 26 Nov. 2021 The fall auction season kicks off next week with a special sale in which every lot is one-of-a-kind, there is no reserve price, and proceeds are donated to a great cause. Carol Besler, Forbes, 22 Oct. 2021 Additional requirements in #110 include purchase caps of 40 MHz in any one zone as well as a $14.8 billion reserve price ($0.48/MHz Pop) to fund the relocation of incumbent federal entities. Roslyn Layton, Forbes, 11 Oct. 2021 See More Word History
First Known Use
1919, in the meaning defined above
Legal Definition
reserve price
noun
: a price announced at an auction as the lowest that will be considered
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