winning bid
Top offer accepted
A winning bid is the offer that prevails in an auction or competitive bidding process, typically the highest amount offered for an item or contract.
In auctions, the winning bid secures the item for the bidder; in procurement contexts, it may be the lowest bid that meets specifications.
The winning bid for the rare painting exceeded two million dollars.
Three companies submitted proposals, but only one had the winning bid.
- auctionCompetitive public sale
- live auctionIn-person competitive sale
- silent auctionFundraiser with submitted bids
- going onceAuctioneer's initial announcement
- gavelSmall ceremonial hammer
sold · highest · contract · tender · prize · victory · hammer · paddle · lot · offer · closing · sealed · reserve · fair market value · competitor · auctioneer · successful · award
- Bidscounterbid, tender, no trump, grand slam
- auctionsauction, auctioneer, auction house, auction houses, hammer price
- Auction Termsreserve price, buy it now, hammer price, increment, closing time
- biddingauction, tender, counterbid, outbidding, overbidding
- charity auctionsilent auction, live auction, auctioneer, paddle, lot
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale