How to Use hammer price in a Sentence
hammer price
noun
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The pension fund flipped the Codex Sassoon 11 years later for 10 times its hammer price.
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Ilan Ben Zion,
Fortune,
22 Mar. 2023
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So your bid of fifty dollars was just shy of the $6.1-million hammer price of the T. rex skull sold at Sotheby’s this December.
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Francesca Carington,
The New Yorker,
20 Feb. 2023
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The astonishing hammer price made the coin the most valuable gold coin to ever sell at auction.
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Bryan Hood,
Robb Report,
29 Mar. 2021
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Christie’s conducted the auction at no charge and with no buyer’s premium added to the hammer price.
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Carol Besler,
Robb Report,
8 Nov. 2021
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There’s a very real belief among collectors that the hammer price could surpass the current record of $6.6 million.
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Bryan Hood,
Robb Report,
7 June 2022
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The hammer price at the Drouot auction house, before commission and other costs, was 5.5 million euros.
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NBC News,
21 Oct. 2021
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That hefty hammer price is due to the singular nature of this particular jersey.
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Rachel Cormack,
Robb Report,
2 Jan. 2022
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All but four of Sotheby’s lots were successful, with 70 percent selling for hammer prices above their low estimates.
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Scott Reyburn,
New York Times,
15 Nov. 2019
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Auction houses make money by charging both buyers and sellers a percentage of the hammer price.
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Simon Willis,
Fortune,
14 Apr. 2021
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While BH Auction is yet to share details regarding the sale or give an estimate for the rare ride, collectors should be prepared for both a bidding war and sky-high hammer price.
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Rachel Cormack,
Robb Report,
14 May 2021
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While there is no estimate currently listed, the final hammer price is expected to be, well, big.
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Rachel Cormack,
Robb Report,
22 Mar. 2021
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Collectors probably won’t find the final hammer price that surprising, though.
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Rachel Cormack,
Robb Report,
13 Oct. 2022
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Some auction companies, but not the IRS, require the bidder to pay closing costs such as escrow fees, back taxes and broker commissions or a buyer’s premium, which is a percentage of the hammer price.
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oregonlive,
3 Aug. 2022
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There’s a 10 percent buyers premium for bikes with a reserve, plus any applicable sales taxes, and other fees, so figure adding an additional 15 percent over the hammer price.
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Joe Michaud,
San Diego Union-Tribune,
30 May 2021
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What the buyer won at that final hammer price, the painting seems a bargain — by virtue of place in the oeuvre, sitter, sterling provenance, and not least, the highly detailed, personal Picasso-family narrative bolted to that specific canvas.
—
Guy Martin,
Forbes,
27 Nov. 2023
Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'hammer price.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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