absentee bid
Proxy auction offer
An absentee bid is a bid placed before an auction by someone who won't attend.
The auction house bids on the absentee bidder's behalf up to their specified maximum: She left an absentee bid of $500 on the painting.
Common at art auctions and estate sales where bidders can't be present.
- auctioneerConducts public sales
- bidOffer to purchase
- opening bidFirst price proposed
- silent auctionFundraiser with submitted bids
- writtenComposed in text
reserve price · live auction · hammer price · buyer's premium · representative · sealed bid · power of attorney · maximum · limit · telephone · remote access · lot · agent · lot number · proxy · intermediary · bidding war · Sotheby's