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Discover Ludwig"reserve price" is a correct and usable phrase in written English.
It is typically used to refer to the lowest price at which an item can be sold in an auction. For example, "The reserve price for the painting was set at $500."
Dictionary
reserve price
noun
The price set by a seller in an auction, below which the lot or item cannot be sold.
synonyms
Exact(60)
Usually items have a reserve price.
The four units without a reserve price were sold.
They could set a reserve price of, say, €20.
For the Senate seat, Blagojevich set a heftier reserve price.
You can't have everything have a reserve price.
It now has a reserve price close to €220,000.
They sold for $10.09, nine cents above the reserve price and less than analysts had expected.
But even here, 16 of the lots failed to reach their reserve price.
Another 147 found no takers or failed to reach the reserve price.
These could be auctioned off with a reserve price of £2.5m.
Take Charge Indy did not meet the reserve price of $80,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com