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.

References in periodicals archive ?
Broadcasting regulator Telecom Regulatory Authority of India (Trai) has given its recommendations for finalising the reserve price for auction of FM radio channels in 264 new cities according to the FM Phase-III guidelines of the government.
4million - [euro]800,000 more than the reserve price of [euro]1.
Lauding the telecom regulatory TRAI for adopting a 'robust and transparent methodology' for price evaluation, the COAI points out that the TRAI's proposals were "based on average valuations derived from these approaches, determined the reserve prices for spectrum.
Setting realistic reserve prices for spectrum auctions will ensure a more efficient use of this scarce resource and, in the longer term, produce much needed economic and social benefits.
TRAI had recommended up to 60% cut in the auction reserve price for spectrum in the 900 MHz band in Delhi, Mumbai and Kolkata circles
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.
TELECOM giants Bharti Airtel and Vodafone, whose licences are due for renewal next year, may have to bid again for all the spectrum that they hold in the 900 megahertz ( MHz) band if the Telecom Regulatory Authority of India's ( Trai) recommendation of a drastic 60- per cent cut in the reserve price of spectrum for the upcoming auction is accepted.
At the end of the day 138 lots remained unsold, but 37 changed hands for nearly pounds 600,000 in post-auction private business on pitches that had originally failed to reach their reserve price.
THE empowered group of ministers ( EGoM) on telecom has recommended a cut of up to 50 per cent in the auction reserve price for air waves used by mobile phone companies operating on the CDMA platform, which is expected to pave the way for Russian telecom major Sistema to continue its Indian operations.
14 -- Taking lessons from the flop 2G auction last month, the Indian government on Thursday slashed reserve price for unsold 1800 MHz spectrum in four zones by 30 percent.
Our buyers had a wide selection to choose from, and bid with confidence knowing there are no reserve prices at any of our auctions.
He said the government may put the circles on auction again and possibly rework the auction reserve prices.

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