... standing reserve price 存货定价 Reserve Price in Auction 拍卖底价 reserve against stock price declining 存货跌价准备 ...
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reserve price in auction
拍卖底价
以上为机器翻译结果，长、整句建议使用 人工翻译 。
Many pieces that fail to achieve their reserve price at auction are quietly sold afterwards in “private-treaty” deals negotiated by the auction houses.
许多在拍卖行无法卖出其最低价格的艺术品，之后便会在台下悄悄地按照“私人协定”交易来完成，拍卖行则会充当协商方。
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