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reserve price

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
reserve price
the minimum price acceptable to the owner of property being auctioned or sold


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A nude photo of French first lady Carla Bruni-Sarkozy, identical to one sold last year for 91,000 dollars, was Friday withdrawn from a Paris auction after bids failed to hit the reserve price.
Byline: ANI New Delhi, Aug 27(ANI): An 'Empowered Group of Ministers' (EGoM), constituted by the Government to supervise the spectrum for 3G telephony, on Thursday fixed the reserve price for pan-India 3G spectrum at Rs 3,500 crore.
Through this, they can set a reserve price that allows them not to be forced to accept lowball offers.
 
 
 
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