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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Curiously, the reserve price of the registration 64 AS has a reserve price of pounds 2,900, while the 47 MS plate is pounds 100 more.
Trai recommended a pan- India reserve price of ` 1,496 crore per MHz in the 1,800 band, down 37 per cent from the base price set in the previous auction.
The EGoM, at its meeting held here on Monday, came out in favour of slashing the reserve price for 800 MHz of CDMA spectrum by 30- 50 per cent depending on the demand preference of the telecom circle from the base price of the November 2012 auction, which had failed to get any bidder.
"The reserve price for 1800 MHz band in the service areas of Delhi, Mumbai, Karnataka and Rajasthan be reduced by 30 percent from the previous reserve price," an official statement said citing a decision taken by the Union Cabinet at its meeting on Thursday evening.
The telecom industry drew a clear link between the reserve price and the poor response.
A rare plot of freehold land on an historic site in Shropshire is appearing with a nil reserve price at a property auction in Birmingham.
A rare plot of freehold land on an historic site in Shropshire is appearing with a nil reserve price at a property auction in Birmingham The site known as The Wynde is on the Coalport Road in Madeley and forms part of the Ironbridge Gorge world heritage site.
Movement away from the SJO, either toward the seller or toward the buyer, but within the overlap of reserve prices, remains just in that both parties are benefitting, albeit not equally.
The current government - while restricting sales of surplus animals and birds on an individual basis - has decided to go for open auction with a marked increase in reserve prices, according to which a lion cub up to the age of four months will be initially priced at Rs500,000 instead of Rs100,000.
"New reserve prices are according to the ground realities and they will increase the investment in the mining sector", he said.
Guided by theory, we first identify the impact of reserve prices on various standard margins of bidder's behavior such as their entry into auctions, bidding behavior within the auction, and ultimately the winning bid.

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