An Etymological Dictionary of the German Language/Preis
Preis, m., ‘price, cost, prize, reward,’ from MidHG. prîs (brîs), m., ‘praise, splendour, noble deed’; borrowed in the 12th cent. from OFr. prîs (ModFr. prix), whence also E. price, prize, Du. prijs. The ultimate source is Lat. prĕtium (whence also Ital. prezzo). The expression preisgeben has nothing to do with this word, but is due rather to the equiv. Ital. dar presa; Ital. presa (equiv. to Fr. prise), ‘seizure, booty catch,’ may be traced back to Lat. prœhendere. Comp. further preisen.