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Examples of reserve price in a Sentence
Recent Examples on the Web
Reputations can change quickly: Barbara Walters’s estate sale, at Bonhams, netted millions less than the auction house had estimated; at Kirstie Alley’s recent estate auction, many objects didn’t meet their reserve prices.
—Rachel Monroe, The New Yorker, 18 Mar. 2024
One bottle is available to bid on through March 7 with a reserve price of $60,000, and the winner will also get a VIP visit to the distillery, a one night stay at the nearby Castlemartyr Resort, and the chance to try some rare Irish whiskeys.
—Jonah Flicker, Robb Report, 28 Feb. 2024
The mansion, dubbed Villa 71, will sell at or above its unpublished reserve price and is expected to bring in starting bids of at least $50 million.
—Abby Montanez, Robb Report, 13 Dec. 2023
The youngest couple and clear favourites to win had one of the highest reserve prices of $3.35.
—Alexandra Koster, refinery29.com, 5 Nov. 2023
Then, at the last minute, the auction houses had to adjust to demand by lowering the reserve price, the minimum at which an item will sell.
—Zachary Small, New York Times, 22 May 2023
The highest bid for her at the January 2021 Keeneland Horses of All Ages Sale was $14,000, which didn’t meet the reserve price set by breeder/co-owner Colette Marie Vanmatre.
—Jason Frakes, The Courier-Journal, 7 Apr. 2023
The next year, the home was never purchased at an auction for the reserve price of $13 million, Daily Herald reported.
—Charmaine Patterson, Peoplemag, 6 Apr. 2023
Ming Arcade was hotly contested, with Royal Group offering to buy the property at a 34% premium above the reserve price.
—Jonathan Burgos, Forbes, 18 Dec. 2022
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
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 10 Jun. 2024.
Legal Definition
reserve price
noun
: a price announced at an auction as the lowest that will be considered
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