Updated: March 12, 2026

"Come on down!" "The Price Is Right" hosted by Bob Barker until 2007 and Drew Carey thereafter features a wide variety of games and contests with the same basic challenge: Guess the prices of everyday ( Or not quite everyday ) retail items. Four contestants, all of whom are seated in one of the wildest audiences in daytime game show history, are called to the stage to play a preliminary pricing round. That winner joins the host on stage for one of more than 70 different pricing games. After three such games, the contestants spin a big wheel hoping to get as close to $1 as possible in the "Showcase Showdown." The two highest winners of that round advance to the final, where prizes could be cars or rooms full of furniture. A trio of models presents the prizes.