When you make the plunge into the world of antiques and collectibles, you will be amazed at what you run across.

You will see anything from advertising items to musical instruments and even glassware and pottery items.  You will quickly find out that the one thing that will get the most attention is the price of an item.

Did you know that there are different types of prices in the world of antiques and collectibles?  Here are some of the more common types that you will run across:

Reserve price—this is the minimum price that a seller will accept as the winning bid at an auction.

Auction Price—this is the price that is paid when auctioneer’s hammer falls.  This price does not include the Buyer’s Premium—the Buyer’s Premium will be applied when the buyer pays for their items.  The auction price is also known as the hammer price.

Retail Price—this is for an item that is for sale in someone’s physical store or booth.

This is some of the different types of prices that you will run across.  What other types have you seen?