upset price

American  

noun

1. the lowest price at which a person is permitted to bid for something being sold at auction.

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upset price British  

/ ˈʌpˌsɛt /

noun

1. another name (esp Scot, US, and Canadian) for reserve price

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Etymology

Origin of upset price

First recorded in 1805–15

Example Sentences

After some slight competition, the allotment, put up, I think, at the upset price of 300 pounds, was bought by Mr. Edmund Westby for 344 pounds.

From Personal Recollections of Early Melbourne and Victoria by Westgarth, William

If two or more applications are made and there is no bid above the upset price, the first application takes precedence.

From The Hawaiian Islands Their Resources, Agricultural, Commercial and Financial by Hawaii. Dept. of Foreign Affairs

There were no takers at the upset price; and the highest bid was less than half of the asking.

From The Quickening by Ashe, E. M.

The land sold, owing to its situation, was only valuable to those having other land near and so was all knocked down at the upset price though worth four times as much.

From The Workingman's Paradise An Australian Labour Novel by Miller, John Maurice

The upset price of Government wild land in Canada varies from 7_s_.

From Letters and Journals of James, Eighth Earl of Elgin by James, Eighth Earl of Elgin