Auction Catalog
Bankruptcy Auction of Acreage and Residential Lots in McDowell Co
Instant Announcements
NEW BID!
A new bid has been placed on: 58 ...--11/05/2020 5:40 PM -04
NEW BID!
A new bid has been placed on: 21 ...--11/05/2020 5:40 PM -26
NEW BID!
A new bid has been placed on: 21 ...--11/05/2020 5:40 PM -41
NEW BID!
A new bid has been placed on: 21, 22 ...--11/05/2020 5:40 PM -52
NEW BID!
A new bid has been placed on: 21 ...--11/05/2020 5:42 PM -40
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"Jumping the Bid" is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150 when the next accepted bid is $125). This practice is used by some bidders to discourage others from bidding in hopes of acquiring an item at a lower price. There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The auction company will not lower the price of an item that has been won by a "jumped" bid with no other competing bids.