Sheridan Realty & Auction Co.
Online Only Auctions, Farm & Heavy Equipment
Open House: Feb. 14, 10-11am
4780sf, .23A, Zoned B-2
Parcel ID: 150-001-000-256-00
Taxes: $1200.51 (winter '11); $3385.94 (summer '11)
SEV (2011): $76,000
Taxable Value (2011): $76,000
"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.