How to Use hammer price in a Sentence

hammer price

noun

• The pension fund flipped the Codex Sassoon 11 years later for 10 times its hammer price.
  — Ilan Ben Zion, Fortune, 22 Mar. 2023
• 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.
  — Francesca Carington, The New Yorker, 20 Feb. 2023
• The astonishing hammer price made the coin the most valuable gold coin to ever sell at auction.
  — Bryan Hood, Robb Report, 29 Mar. 2021
• Christie’s conducted the auction at no charge and with no buyer’s premium added to the hammer price.
  — Carol Besler, Robb Report, 8 Nov. 2021
• There’s a very real belief among collectors that the hammer price could surpass the current record of $6.6 million.
  — Bryan Hood, Robb Report, 7 June 2022
• The hammer price at the Drouot auction house, before commission and other costs, was 5.5 million euros.
  — NBC News, 21 Oct. 2021
• That hefty hammer price is due to the singular nature of this particular jersey.
  — Rachel Cormack, Robb Report, 2 Jan. 2022
• All but four of Sotheby’s lots were successful, with 70 percent selling for hammer prices above their low estimates.
  — Scott Reyburn, New York Times, 15 Nov. 2019
• Auction houses make money by charging both buyers and sellers a percentage of the hammer price.
  — Simon Willis, Fortune, 14 Apr. 2021
• 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.
  — Rachel Cormack, Robb Report, 14 May 2021
• While there is no estimate currently listed, the final hammer price is expected to be, well, big.
  — Rachel Cormack, Robb Report, 22 Mar. 2021
• Collectors probably won’t find the final hammer price that surprising, though.
  — Rachel Cormack, Robb Report, 13 Oct. 2022
• 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.
  — oregonlive, 3 Aug. 2022
• 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.
  — Joe Michaud, San Diego Union-Tribune, 30 May 2021

Last Updated: 21 Oct 2024