auction price

Winning bid total

The auction price is the amount at which something sells at auction—the final winning bid.

It may differ significantly from appraised value or retail price, depending on bidder interest: The auction price far exceeded estimates.

In financial markets, auction price refers to the price established through competitive bidding rather than negotiation.

Opposites
price determination method

auction pricefixed price

Predetermined, unvarying cost

list price · sticker price · retail price · set price · negotiated price

price threshold in auctions

auction pricereserve price

Minimum acceptable bid

reserve · minimum bid · floor price · starting bid · opening bid

market vs. intrinsic value

auction priceappraised value

Expert's price estimate

assessed value · intrinsic value · book value · fair market value · insurance value

Family

auction, price, auctions, auctioned, auctioning, auctioneer, auctioneers, prices, priced

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G