reserve price

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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.

reserve price

The price below which auctioned property will not be sold.If a property is advertised with reserve, then the owner may withdraw it from auction at any time before sale. If it is advertised without reserve,then the seller must go through with the auction.

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Every item will be sold to the highest bidder on auction day, regardless of price-without minimum bids or reserve prices.
AN apartment in Dublin's Temple Bar was snapped up for 75% more than the reserve price at property auction yesterday.
For example, the reserve price set by the Telecom Commission for the 1800 MHz band in Delhi is, on average, 70 per cent higher than the reserve prices of the same band in most European auctions in the last three years 1.
THE Telecom Commission on Wednesday recommended raising the reserve price for mobile phone spectrum auctions by 15 per cent above than suggested by TRAI in the pan- India 1800 megahertz band, and 25 per cent higher in the prime 900 megahertz band for lucrative circles like Delhi and Mumbai.
And what the DVLA fails to mention is that the plates in the picture have reserve prices way in excess of the pounds 250 mentioned.
Later this month, the Driver & Vehicle Licensing Agency (DVLA) is bringing its highly-popular ``Classic Collection'' auction to Crewe Hall in Cheshire - and the highest reserve price is currently pounds 3,500 for the registration mark 1 RDF.
We have reduced the reserve prices to make the auction successful," Trai chairman Rahul Khullar said.
For the full list of numbers being offered for sale and their reserve prices, log on to www.
BOOKMAKERS using the National Joint Pitch Council auction system are being urged to adopt more realistic reserve prices after nearly 60 per cent of the 305 lots in last week's sale at Uttoxeter failed to sell from the rostrum, writes Howard Wright.
The remainder of the properties are competitively priced with reserve prices of up to 50 percent off suggested list prices.
auction are sold by the unreserved auction method, meaning the items sell to the highest bidder on auction day -- with no minimum or reserve prices.
The spectrum auction in November had fetched the exchequer just ` 9,407 crore as against the government expectations of around ` 28,000 crore as companies had stayed away due to the high reserve prices.

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