If you pay top dollar for something, you pay a lot of money for it.
[informal]
People will pay top dollar for anything, as long as they think it's a rare treat.
See full dictionary entry for dollar
top dollar
phrase
If someone pays top dollar for something, they pay the highest possible price for it.
[informal]
People will always pay top dollar for something exclusive.
...a club frequented by top-dollar models and their movie star companions.
See full dictionary entry for top
top-dollar
top
top dollar in British English
noun
informal
the highest level of payment
top dollar in American English
US
Informal
the highest price, salary, etc. being paid for a particular commodity or service
Examples of 'top dollar' in a sentence
top dollar
The ailing club have to get away from paying top dollar for managers.
Times, Sunday Times (2016)
It is worth spelling out what spectators hope for when they pay top dollar for elite sport.
Times, Sunday Times (2010)
It is not just the investment banks that are offering to pay top dollar.
Times, Sunday Times (2009)
Individual sportsmen and business leaders are also prepared to pay top dollar for the right person.
Times, Sunday Times (2009)
I'd pay top dollar for this.
The Sun (2012)
Their formula was simple: raise big bucks, pay top dollar.
Times, Sunday Times (2016)
People will pay top dollar for anything, as long as they think it's a rare treat.
Christianity Today (2000)
The number of people affording a cruise holiday is on the increase, with a significant percentage choosing to pay top dollar for extra luxury while at sea.
Times, Sunday Times (2012)
Ideally we would like to fly from Bristol but we don't want to pay top dollar for taking that holiday week.
Times, Sunday Times (2014)
The UK motorist already pays top dollar for petrol so what will the disaster's aftermath be for us?