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

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Example Sentences

See Examples For:

upset price

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

From The Quickening by E. M. Ashe

The upset price of government land is twenty shillings per acre; thus, the inexperienced purchaser is very apt to be led away by the apparently low sum per acre into a purchase of great extent.

From Eight Years' Wanderings in Ceylon by Sir Samuel White Baker

We had put a high figure on our improvements, and we purchased the land at the upset price of £6/10/- per half acre.

From Reminiscences of Queensland 1862-1869 by W. H. (William Henry) Corfield

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 William Westgarth

The upset price of the whole—for the property was at that moment on sale—was £20,000; a dead bargain, as the lawyer who had the management of the property assured us.

From Wilson's Tales of the Borders and of Scotland, Volume VI by Alexander Leighton

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