Auction Catalog
(3) Commercial Properties Located in Southern Pines, NC
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NEW BID!
A new bid has been placed on: 1 ...--06/30/2022 2:22 PM -55
NEW BID!
A new bid has been placed on: 2, 3 ...--06/30/2022 2:23 PM -12
NEW BID!
A new bid has been placed on: 2, 3 ...--06/30/2022 2:30 PM -52
NEW BID!
A new bid has been placed on: 2, 3 ...--06/30/2022 2:32 PM -26
NEW BID!
A new bid has been placed on: 1 ...--06/30/2022 2:34 PM -35
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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.