The final bid, the one that captures the lot, is known as the hammer price.

Its hammer price was £8m, just on its low estimate.

The total included the 10 percent buyers' fees added to the hammer prices.

He bought the stool for his client for the hammer price of $42,000.

Estimated at $5,000 to $10,000, it sold for a hammer price of $65,000.

The hammer price was $1.5 million, its high estimate and a record for the artist at auction.

The hammer price for the four flags was $15.5 million.

Its hammer price was £16.7m - in the middle of its estimate.

The book sold for a hammer price of £2.8 million.

The winning bid for a lot is also called the hammer price.