upset price

American  

noun

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

---

upset price British  

/ ˈʌpˌsɛt /

noun

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

---

Etymology

Origin of upset price

First recorded in 1805–15

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 Ashe, E. M.

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 Baker, Samuel White, Sir

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

The lowest upset price of crown lands in the colony is £1 per acre.

From The Commercial Products of the Vegetable Kingdom Considered in Their Various Uses to Man and in Their Relation to the Arts and Manufactures; Forming a Practical Treatise & Handbook of Reference for the Colonist, Manufacturer, Merchant, and Consumer, on the Cultivation, Preparation for Shipment, and Commercial Value, &c. of the Various Substances Obtained From Trees and Plants, Entering into the Husbandry of Tropical and Sub-tropical Regions, &c. by Simmonds, P. L.

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