reserve price


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reserve price

the minimum price acceptable to the owner of property being auctioned or sold
References in periodicals archive ?
"The reserve prices were determined through an objective and independent process by the Ministry of Transport and Infrastructure."No vehicle was disposed of at a lower price than the reserved price and therefore there was no loss of public funds and assets," he told the committee when he appeared to respond to audit queries.
"This land has been given the rock-bottom reserve price of nil because it's currently occupied by the derelict remains of a two-bedroom, detached bungalow, accessed via a footpath.
Gupreet Bassi, chief executive of Bond Wolfe Auctions, said: "It's highly unusual to start auction lots with a reserve price of nil and we're expecting intense interest in the auction room on the day.
Gains from trade (i.e., consumer and producer surplus) can accrue if two parties have overlapping reserve prices for buying and selling.
The authority also allotted plot measuring 7-kanal and 5.2 marla (Tariq Garden near Valencia) to the public prosecution department for setting up its provincial office/headquarters at reserve price equal to one-third of the prevailing market price of a residential plot in the vicinity.
The reserve price set by Pakistan Cricket Board (PCB) was $5.21 million per annum for a period of seven years.
He said that the reserve price, set by Pakistan Cricket Board (PCB), was $5.21 million per annum.
'The reserve price set by PCB was $5.21 million per annum for a period of seven years.
The reserve price set by the PCB was $5.21 million per annum for a period of seven years.
Amwaj Gateway first went under the hammer in August last year with a reserve price of BD36m, but no offers were made.
Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000).
The Alternate mechanism, led by finance minister, will meet to decide the reserve price, an official said.
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