upset price

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Upset price

The minimum price at which a seller of property will accept a bid at an auction.

Reserve Price

At an auction, the price below which the owner of the item may refuse to sell. For example, if the reserve price is $1,000, and bidding does not rise above $900, the owner may withdraw the item from the auction. The reserve price is also called the upset price.

upset price

See reserve price.

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