overbid
Exceed true value
Overbid means to bid more than something is worth or more than is necessary to win.
At an auction, you might overbid on a painting if you get caught up in the excitement and pay far beyond its appraised value.
In card games like bridge, to overbid is to bid higher than your hand justifies.
The noun overbid refers to such an excessive bid.
The housing market crashed after years of overbidding drove prices to unsustainable levels.
Offering prices or obeying
- reserveSupply kept back
- paddleFlat-bladed water tool
- hammerTool for striking nails
- gavelSmall ceremonial hammer
lot · auctioneer · increment · bidder · catalogue · preview · counterbid
Pay excessive amount
- lossBeing without something
- regretSorrow over past actions
- overspendSpend beyond means
- overstretchExceed one's limits
overcommit · liability · default · debt · misstep · jeopardy · downside
Appraising too highly
- miscalculationError in estimation
- misjudgmentFaulty evaluation of something
- inflatedExpanded with gas
- projectionSomething that extends outward
appraisal · valuation · assessment · overestimate · overprice · overreach · mispricing · overshoot
Calculated false front
- pokerHearth implement for coals
- gambleStake on uncertain outcome
- feintDeceptive mock attack
- tacticsMethods to achieve goals
maneuver · deception · psychology · outwit · mislead · counterplay · bridge · intimidation
bidding
Offering prices or obeying
gavel · lot · auctioneer · increment · bidder · catalogue · preview · counterbid
overpay
Pay excessive amount
overstretch · overcommit · liability · default · debt · misstep · jeopardy · downside
overvaluation
Appraising too highly
- miscalculationError in estimation
- misjudgmentFaulty evaluation of something
- inflatedExpanded with gas
projection · appraisal · valuation · assessment · overestimate · overprice · overreach · mispricing · overshoot
bluff
Calculated false front
tactics · maneuver · deception · psychology · outwit · mislead · counterplay · bridge · intimidation · signal
tender
Soft or sore
- proposalFormal plan for consideration
- quoteRepeated words from another
- pricingEstablishing monetary amounts charged
costing · budget · contractor · procurement
- auctionsauction, bidding, auctioneer, auction house, auction houses
- Bidscounterbid, bidding war, highest bidder, tender, no trump
- biddingbidder, bidding, auction, tender, counterbid
- Price Is RightPlinko, showcase, big wheel, Bob Barker, Drew Carey
- trick-takingtrump, trumps, trump suit, tricks, trick-taking
- tax lienstax lien, tax deed, tax sale, tax foreclosure, tax arrears