Phrasal verbs starting with "bid"

To cause a price or value to fall by offering competing bids that are progressively lower.

In an auction: for the seller or their agent to place a bid on their own item in order to prevent it from being sold below a desired price.

To acquire something at an auction by having the highest bid.

To cause the price of something to increase by placing or encouraging progressively higher bids at an auction or in competition.