But if no bidder meets a set reserve price, then each item will be offered separately.
The consigner I heard turned apoplectic as there was no reserve price put on the piece.
If a house does not reach its reserve price, the vendors may negotiate with the highest bidders afterwards.
ECONOMIST: The housing market has not heard of globalisation
But even here, 16 of the lots failed to reach their reserve price.
Bids on that block are still 10% below the FCC's reserve price.
They left out works put up for auction that failed to fetch their reserve price the auctioneer's lowest acceptable bid for the work.
Too many auction lots change hands under low reserve price points.
Despite determined efforts by the auctioneer, Henry Wyndham, it raised just one lacklustre bid at the reserve price, selling to Franck Giraud, a New York-based dealer.
It was the second time the site was up for auction after United Utilities tried to sell it last year but the reserve price was not met.
The borough said it would now consult with the Museums Association and Arts Council England on whether an auction was the best way forward, subject to the statue reaching its reserve price.
Of the 31 pictures on offer at King Street, two were withdrawn before the sale started and six were bought in when buyers sat on their hands and bidding failed to reach the reserve price.
Since July this year, Art Auction Guarantee, a company founded in 2011, have offered buyers of art at auction a guarantee that, for a percentage of the acquisition price (5% to 7.5%), they will get back what they paid for the piece if it is resold at auction after two years or more and fails to make the reserve price.
To command the Federal Reserve to pursue price stability alone is to create the preconditions for macroeconomic disaster.
FORBES: The Republican Platform and the Mainstreaming of the Gold Standard
Earlier this summer, there was some speculation that Obama was going to dip into the Strategic Petroleum Reserve to lower the price of gasoline temporarily.
FORBES: A "Mean Green", Obama Wages War Against Cheap Energy
The Dow sunk one more time, all the way to 770 in 1982, when the Federal Reserve began targeting the price of gold in monetary policy and the big Reagan tax cuts started to phase in.
FIIs can also invest in unlisted securities outside stock exchanges, subject to approval of the price by the Reserve Bank of India.
Skeptical, or simply embittered over the reserve accounting scandal, investors price Shell at only 9 times trailing earnings, versus 11 and 12 for its two larger rivals.
It may work for a while, too but eventually gold will migrate into a reserve currency basket and its price will advance many times from its current level.
Aside from the fact that it is limited, no president is going to squander all the reserve for short-term price pressure, since it was built for serious strategic security purposes.
Global monetary authorities are now following the U.S. Federal Reserve's lead in chasing price stability.
For the next 18 years, the Federal Reserve loosely followed a de facto price rule by targeting commodity prices including the price of gold and the foreign exchange value of the dollar.
Of course, there's one sure-fire way to slow the price surge: The Federal Reserve could prop up the dollar, oil's currency.
But in 1979, Paul Volcker, then chairman of the Federal Reserve, stomped on inflation and the price of gold fell sharply.
The Federal Reserve continues its fundamental error of confusing price changes that result from supply and demand with changes that result from debasing the currency.
Alan Greenspan, chairman of the Federal Reserve, has said the high oil price is partly to blame for weakening consumer spending, which fell by 0.7% in June.
Typically, jawboning efforts have been undertaken by those seeking to lower or moderate price pressures, but Federal Reserve Chairman Ben Bernanke and his cohorts are putting a novel spin on the technique.
FORBES: The Federal Reserve Stirs Poltergeist Of Hyperinflation, Weimar Collapse
For instance, there could be price pullbacks if the Federal Reserve were to disappoint the market and not signal any further monetary easing over the coming weeks or if European officials should not come up with any measures to help debt-plagued nations.
FORBES: PGMs Hit Multi-Month Highs On Fears S. African Labor-Related Supply Issues May Spread
Later in the week, however, price skidded, after the Federal Reserve opted to only extend Operation Twist.
FORBES: FOCUS: Speculators Return As Gold Buyers -- CFTC Data
We will continue to cooperate with the Federal Reserve Board, seeking a steady policy that ensures price stability without keeping interest rates artificially high or needlessly holding down growth.
In the specific case of the Federal Reserve, its dual mandate requires it to focus on price stability and maximum employment.
FORBES: Deflationary PPI Questions Effectiveness Of Bernanke's QE
应用推荐