opening bid
Auction's starting price
An opening bid is the first offer made in an auction or negotiation, establishing a starting point for subsequent bids.
In bridge and other card games, it's the first bid that begins the auction phase.
The term extends to any initial proposal meant to start a back-and-forth: Their opening bid on the house was well below asking price.
- auctionCompetitive public sale
- startingInitiating an action
- starting priceMinimum opening bid amount
- going onceAuctioneer's initial announcement
- pokerHearth implement for coals
ante · raise · negotiation · bargaining chip · offer · tender · first · proposal · gambit · come out swinging · stakes · reserve · real estate · paddle · gavel · lowball · bluff · high stakes
- auctionsauction, auctioneer, auction house, auction houses, hammer price
- negotiationbargaining, bargain, negotiate, mediation, compromise
- Bidscounterbid, tender, no trump, grand slam
- Negotiation Termsdeadlock, bargaining, negotiation, stalemate, compromise
- negotiationsbargaining, offer, counteroffer, counter offer, compromise
- openingsaperture, gap, hole, slit, crack
auction/bidding sequence
opening bidwinning bid
Accepted highest tender
final bid · closing bid · hammer price · reserve price · sale price
open, bid, opens, opened, opener, openers, opening, openings, openly