reserve price

Definition of "reserve price"
  1. It's the minimum price that an item can sell for at an auction
How to use "reserve price" in a sentence
  1. The reserve price of the painting was not made public, causing anticipation among bidders.
  2. Since the auction failed to meet the reserve price, the item was not sold.
  3. The seller decided to set a high reserve price to avoid selling their item at a loss.

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