reserve prices
Seller's lowest acceptable
A reserve price is the minimum amount a seller will accept at auction.
If bidding doesn't reach this threshold, the item goes unsold.
The reserve is typically kept secret from bidders: The painting failed to meet its reserve price and was withdrawn.
Also called simply a reserve.
- minimumSmallest possible quantity
- auctionsCompetitive public sales
- sealed bidConcealed price submission
- undervaluationRating below actual worth
- strategyPlanned approach to goals
opening bid · threshold · buyer's premium · auction house · economics · sales · benchmarks · estate sales · provenance · competitive bidding · bidding war · lot number · secondary market · consignment sales · auction catalogs · Christie's · Sotheby's · market trends
reserve pricesunreserved
Not held back
opening bids · starting prices · asking prices · list prices
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