Reserve Price
nounre·serve pricepronounced rə-ZERV PRYS
Last reviewed 16 April 2026
What does the noun Reserve Price mean?
The minimum price a vendor will accept at auction. Set before the auction starts and rarely disclosed publicly in advance. Once bidding passes the reserve, the property is on the market and will sell to the highest bidder.
How the noun Reserve Price is used
Bidding stalled at $1.1 million but the auctioneer announced the property was on the market, which meant it had passed the reserve price and would definitely sell.
Synonyms
reserve, seller's minimum
Related words
Cite this entry
MLA citation: "Reserve Price." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/reserve-price. Accessed 13 June 2026.
Chicago citation: How to Property. "Reserve Price." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/reserve-price.
APA citation: How to Property. (2026, April 16). Reserve Price. https://howtoproperty.com.au/definitions/reserve-price