hammer price
Winning bid amount
The hammer price is the final bid amount at an auction when the auctioneer's hammer falls, signaling the sale is complete: The painting sold for a hammer price of $2.3 million.
This figure excludes buyer's premiums, taxes, and other fees that increase the total cost to the purchaser.
Accepted highest tender
- final bidUltimate auction price
- knockdownBlow causing a fall
- reserveSupply kept back
- estimateInformed guess at quantity
lot · buyer's premium · paddle · increment · auctioneer · consignor · provenance · bidding war
Informed guess at quantity
- appraisalEstimation of worth
- fair market valueObjective exchange price
- underbidOffer lower price
- overbidOffer excessive price
appreciation · comparable sales · market value · assessed value
winning bid
Accepted highest tender
estimate · lot · buyer's premium · paddle · increment · auctioneer · consignor · provenance · bidding war · going once
estimate
Informed guess at quantity
- appraisalEstimation of worth
- fair market valueObjective exchange price
- underbidOffer lower price
overbid · appreciation · comparable sales · market value · assessed value
hammer pricereserve price
Minimum acceptable bid
reserve · minimum bid · opening bid · starting price · floor price
price, hammer, hammering, hammered, hammerhead, sledgehammer, claw hammer, hammerer, hammerers