beginprijs

Beginprijs is a term used in auctions and sales to indicate the starting price. It is the minimum amount at which bidding on an item is allowed to begin. The beginprijs is typically set by the seller or the auction house before the bidding starts and serves as the lowest acceptable selling price at the outset of the auction. It is distinct from the asking price in direct sales and from the eventual sale price.

During an auction, bidders place bids that are higher than the beginprijs, following minimum bid increments. If no bid reaches the beginprijs or if an item has a separate reserve price and that reserve is not met, the item may remain unsold. If at least one bid meets or exceeds the beginprijs and, if applicable, the reserve, the item can be sold to the highest bidder when the auction ends.

In non-auction contexts, beginprijs can also appear on listings to indicate the lowest price at which an item is offered for bidding or sale, though many platforms distinguish it from the fixed purchase price (buy-it-now) or the asking price.

Origin and usage: Beginprijs is standard in Dutch-language auction contexts, including online and live auctions in the Netherlands and Belgium. It is closely related to, but distinct from, other price terms such as koopprijs (purchase price), vraagprijs (asking price), and veilingprijs (auction price).