vendor bid

noun

A type of bid at an auction which is made by the auctioneer on behalf of the vendor, without any desire to buy the article. This is used as a tactic to keep the bids moving, or to persuade buyers to pay more, or merely to have a higher price to report if the property is passed in. Such a bid is in essence a fiction; if not clearly announced as such, it approaches the deliberate deception of a dummy bid.

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Meanings

nounvendor bid (plural vendor bids)

plural vendor bids

  1. businessA type of bid at an auction which is made by the auctioneer on behalf of the vendor, without any desire to buy the article. This is used as a tactic to keep the bids moving, or to persuade buyers to pay more, or merely to have a higher price to report if the property is passed in. Such a bid is in essence a fiction; if not clearly announced as such, it approaches the deliberate deception of a dummy bid.
Cite this entry
APA

vendor bid. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/vendor%20bid

MLA

“vendor bid.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/vendor%20bid. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “vendor bid,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/vendor%20bid.

Source: vendor bid on Wiktionary, CC BY-SA 4.0.