bid war
Escalating purchase competition
A bid war is an escalating competition between buyers, each raising their offer to outdo the others.
The term appears most often in real estate and auctions: The house sparked a bid war that pushed the price fifty thousand over asking.
Also called a bidding war.
- auctionCompetitive public sale
- going onceAuctioneer's initial announcement
- competeStrive for superiority
- rivalOne who competes against
- outbidOffer more than another
sold to · price · escalate · frenzy · paddle · gavel · eBay · counteroffer · hostile · hostile takeover · takeover · acquisition · deep pockets · overbid · stakes · showdown · competitor · raise
- biddingauction, tender, counterbid, outbidding, overbidding
- auctionsauction, auctioneer, auction house, auction houses, hammer price
negotiation dynamics
bid warhandshake deal
Unwritten mutual commitment
direct sale · mutual agreement · fixed price · negotiated settlement · lowball offer
bid, war, bids, bidding, bidder, bidders, wars, warring, warred