Display title | Whammy Bid |
Default sort key | Whammy Bid |
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Date of page creation | 21:27, 1 November 2013 |
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Article description: (description ) This attribute controls the content of the description and og:description elements. | An Auction is happening, people are bidding in sensible increments and then, all of a sudden, someone puts in such a high bid that no one would dare bid against them. This can be an escalation of a bidding war or a total newcomer. The correct name for this kind of tactic is a Jump Bid and it can be very effective, or it can land you paying far more than you needed to. Used primarily for dramatic effect, either to highlight the value of the item (particularly if it was previously considered of low value or it has a secret use) or to dramatically introduce a character to a scene. Nothing says "I am rich and powerful, look this way" like doubling the bid for a teapot when the last bidder had just got to £900,000. Also very common in in Bachelor Auction setups. A similar setup can occur in gambling, where a gambler tries to scare off the other gamblers with a huge wager. |