Reserve Price (保留價)

Upset Price (起拍價)

Reserve Price (保留價)

### English Explanation with Sequential Identification Numbers and Chinese Translation

#### Definition of Upset Price:

001. The upset price refers to the minimum price at which an item can be sold at an auction.  

（傳統中文的翻譯：起拍價是指拍賣中物品可以出售的最低價格。）  

002. It is typically disclosed to the public before the auction begins.  

（傳統中文的翻譯：這個價格通常會在拍賣開始之前向公眾公佈。）  

003. The primary purpose of the upset price is to ensure that the item is not sold below its estimated value.  

（傳統中文的翻譯：起拍價的主要目的是確保物品不以低於估計價值的價格出售。）  

#### Definition of Reserve Price:  

004. The reserve price is the minimum price that the seller is willing to accept for the item.  

（傳統中文的翻譯：保留價是賣方願意接受的最低價格。）  

005. Unlike the upset price, the reserve price is often kept confidential and is not revealed to the bidders.  

（傳統中文的翻譯：與起拍價不同，保留價通常是保密的，不會向競標者透露。）  

006. If the bidding does not reach the reserve price, the seller is not obligated to sell the item.  

（傳統中文的翻譯：如果競標價格未達到保留價，賣方沒有義務出售物品。）  

#### Key Difference:  

007. The key difference between the upset price and the reserve price is that the upset price is a public minimum bid to start the auction, while the reserve price is a private minimum acceptable to the seller.  

（傳統中文的翻譯：起拍價與保留價的主要區別在於，起拍價是公開的拍賣起始最低出價，而保留價是賣方私下設定的最低接受價格。）  

008. The upset price serves as a baseline to encourage bidding, whereas the reserve price protects the seller's interests.  

（傳統中文的翻譯：起拍價作為激勵競標的基準，而保留價則保護賣方的利益。）  

(中文由 ChatGPT 負責翻譯)

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資訊來源：

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Placeholder 湯偉晉編寫的英文字典

Placeholder 湯偉晉編寫的英文字典