Thomas R. Hunt Auctioneers
Residential Real Estate
UNUSUAL OPPORTUNITY TO BUY COMMERCIAL QUALITY TANNING BEDS AND SALON FURNITURE AND EQUIPMENT FROM THE COMFORT OF YOUR HOME OR OFFICE
"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.