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- A reserve price in auctions is:
- The minimum amount that a seller will accept as the winning bid1.
- Alternatively, it is the highest price a buyer is willing to pay for a good or service1.
- It is also known as the lowest price that a seller will accept for the thing being sold at an auction2.
- It is set as the minimum acceptable bid in an auction3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Common to auctions, a reserve price or a reservation price is the minimum amount that a seller will accept as the winning bid. Alternatively, it is less commonly known as the highest price a buyer is willing to pay for a good or service.www.investopedia.com/terms/r/reserve-price.aspRESERVE PRICE meaning: the lowest price that a seller will accept for the thing that is being sold at an auctionwww.britannica.com/dictionary/reserve-pricereserve price n. A price set as the minimum acceptable bid in an auction.www.thefreedictionary.com/reserve+price Reserve Price: What It Means and How It Works in Auctions
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