Sheridan Realty & Auction Co.
Equine & Livestock
Preview Dates: Thursday March 8, 2012 from 4:00-6:00 PM and Tuesday March 20, 2012 from 10:00am - 12noon
Load out March 30, 10am-1pm.
Contact Troy Crowe 989.666.6339 for more information.
"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.