record price
- noun
- In 2021, a rare coin sold for a stunning record price at the estate auction.
- fetch a record price
- set a record price
- million—a record price
Examples
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The portrait of the first Duke of Wellington set a record price for a Goya.
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One of the worst U.S. droughts in 50 years is striking the Midwest, withering crops in their fields and sending corn and soybean futures to all-time record price highs.
Blog text (6) -
Last year's auction for the rare painting fetched a record price of $10 million.
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The record price for an electric car has pushed the boundaries of luxury automotive sales.
Synonyms
The highest price people pay for something because it is rare or very valuable
How Expensive
Surface Forms
Morphology
The meaning 'the highest price ever paid' is directly derivable from combining 'record' (an extreme/highest measurement or record-setting value) with 'price' (the amount of money). This is a regular attributive noun composition that follows transparent compositional patterns found across languages, so learners who know both words can infer the MWE's meaning.
Etymology
Record price comes from the idea of a record as a written list and price as the amount paid. If someone writes a new highest amount in the list, it becomes a record price, so the phrase means 'the highest price ever paid'.