| Share
 

Dumb-bidding

A sale by auction effected thus: The owner fixes an upset-price on an article, writes it on a slip of paper, and covers the slip up. The article is then offered to the bidders, and withdrawn unless some bid reaches the upset price.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

More on Dumb-bidding from Infoplease:

Related Content

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring