reserve price
Seller's bottom line
A reserve price is the minimum amount a seller will accept at auction.
If bidding fails to reach the reserve, the item goes unsold.
Auctions may be advertised as "no reserve," meaning the item sells to the highest bidder regardless of price.
The painting failed to meet its reserve price and was withdrawn.
- auctioneerConducts public sales
- auction houseFirm conducting competitive sales
- confidentialMeant to stay secret
- undisclosedNot made known
- unsoldNot yet purchased
bidding · threshold · withdrawn · sale · sealed bid · minimum bid · buy-in · bottom line · hidden · fair market value · lot · lot number · estimate · competitive bidding · valuation · appraisal · bid · gavel
- auctionsauction, bidding, bid, auctioneer, auction house
- reservessurplus funds, nature preserve, wildlife refuge, emergency fund, rainy day fund
- art marketauction, art prints, art dealer, limited editions, art sale
- auctionauctioneer, gavel, paddle, lot number, catalog
- Auction Termsstarting bid, buy it now, minimum bid, winning bid, proxy bid
- biddingbid, bidder, bidding, auction, opening bid
auction price thresholds
reserve priceno reserve
Without holding anything back
hammer price · winning bid · final bid · unreserved · maximum bid
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