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Dictionary
hammer price
noun
The amount of the highest bid at an auction, accepted by the striking of the auctioneer's gavel.
Exact(58)
On Wednesday the hammer price was only $450,000.
Its hammer price was £8m, just on its low estimate.
The "klubbat pris," or hammer price: twenty-seven thousand.
There it was catalogued as Tudor and sold for a hammer price of £260,000.
Interested parties bid, and a hammer price is struck in seconds.
According to PBA, the hammer price for that lot was $12,000.
The hammer price was $25 million, in line with Christie's low estimate.
Its hammer price was £16.7m – in the middle of its estimate.
The auction house, which levies a fixed percentage on top of the hammer price, made a packet.
Similar(2)
You'll find out that the hammer price what a given lot of wine is knocked down for or closest for is not the net price.
One of our favourite cars when we first clapped eyes on the Andres Collection a few months ago, we're very pleased to see the Indianapolis towards the top of the under-the-hammer price rankings.
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CEO of Professional Science Editing for Scientists @ prosciediting.com