starting bid
Auction's first amount
A starting bid is the minimum amount that opens bidding at an auction—the lowest price the seller will accept to begin.
Auctioneers announce it to get things moving: The starting bid is five hundred dollars.
In online auctions, sellers set the starting bid when listing items.
A low starting bid attracts more bidders; a high one signals the seller's expectations.
- opening bidFirst price proposed
- opening priceFirst quoted market value
- live auctionIn-person competitive sale
- auctionCompetitive public sale
- minimum bidLowest acceptable starting offer
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- catalogsprint catalog, product listing, catalog entry, Sears catalog, mail order catalog
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