overbidding
Bidding too high
Overbidding is bidding more than something is worth or more than necessary to win.
In auctions, overbidding means paying beyond an item's actual value: Emotional buyers often end up overbidding on memorabilia.
In card games like bridge, overbidding is contracting for more tricks than your hand can deliver.
In real estate, overbidding describes offers that exceed asking prices in competitive markets.
Tool for striking nails
- gavelSmall ceremonial hammer
- paddleFlat-bladed water tool
- incrementUnit of increase
- reserveSupply kept back
estimate · lot · auctioneer · premium · appraisal · catalogue · provenance · winning bid
Progressive increase in intensity
- rivalryOngoing contest between opponents
- outdoExceed in achievement
- surpassExceed in achievement
- vyingCompeting eagerly for something
one-upmanship · arms race · brinkmanship · overcommitment · overreach · winner's curse · dominance · confrontation
Structure spanning an obstacle
- penaltyPunishment for wrongdoing
- doubledIncreased twofold
- tricksDeceptive acts or techniques
- contractEnforceable written agreement
declarer · vulnerable · misjudgment · slam · game · partnership · overcall · preempt
hammer
Tool for striking nails
reserve · estimate · lot · auctioneer · premium · appraisal · catalogue · provenance · winning bid · price inflation
escalation
Progressive increase in intensity
vying · one-upmanship · arms race · brinkmanship · overcommitment · overreach · winner's curse · dominance · confrontation · opponents
bridge
Structure spanning an obstacle
contract · declarer · vulnerable · misjudgment · slam · game · partnership · overcall · preempt
- biddingbid, auction, opening bid, winning bid, tender
overbiddingunderbidding
Offering less than rivals
lowballing · undervaluing · bargain hunting · underpaying · underpricing
overbiddingunderbidding
Offering less than rivals
restraint · holding back · passing · walking away · sitting out
bidding, bids, bidder, outbid, outbids, outbidding, underbid, overbid, underbids