reserve price

American  

noun

1. floor price.

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reserve price British  

noun

1. Also called (esp Scot and US): upset price.  the minimum price acceptable to the owner of property being auctioned or sold

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Etymology

Origin of reserve price

First recorded in 1915–20

Example Sentences

As a yearling, the colt didn’t meet his reserve price of $95,000, so Kahn and Hidden Brook pointed him to a 2-year-old in training sale last year at Ocala.

From Los Angeles Times • Apr. 30, 2026

Warner headlines the list of top-class internationals who missed out on selection after setting his reserve price at £100k.

From BBC • Mar. 20, 2024

No stalking horse bid would be sought to set a reserve price in the auction, according to a court filing.

From Reuters • Oct. 23, 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.

From New York Times • May 22, 2023

There was no intention of giving away the island for nothing, and so the reserve price had been fixed at $1,100,000.

From Godfrey Morgan A Californian Mystery by Verne, Jules