Mayo Auction & Realty
Online Only Auctions, Residential Real Estate, Foreclosure & Bank Real Estate
Large Collection of Anheuser-Busch & Budweiser Steins with holiday, NASCAR, military and hunting themes! Brand New Quality Pocket Knives by Case, Remington and Camillus. Also included are 100's of Collectible NASCAR Die Cast Cars, Action Figures & Race Memorabilia.
"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.