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hammer price
(redirected from hammer prices)

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hammer price
n
(Business / Commerce) the price offered as the winning bid in a public auction


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He adds: "The beauty of these sales is you never know what may turn up, although competition for the best cars will see hammer prices start to rise sharply.
Most hammer prices on these auctions are sure to be close, if not higher than, regular prices on the market.
Still, he warned that rising foreclosures and tight credit markets will continue to hammer prices.
 
 
 
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