Equipment & Tools | Ocilla, GA
Rowell Auctions, Inc.
Online Only Auctions, Farm & Heavy Equipment
Auction Catalog
Beautiful 4 Bedroom | 4 1/2 Bath Home 230± Acres
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A new bid has been placed on: 2 ...--06/23/2022 6:40 PM -15
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A new bid has been placed on: 2 ...--06/23/2022 6:55 PM -40
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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.