prebidding
/priˈbɪdɪŋ/
noun
- The act of making an advance offer or bid before an official auction or sale begins.
- Prebidding helped the seller gauge interest before the live auction.
- The auction house allowed prebidding online for the rare painting.
- Many collectors participated in prebidding to secure the antique vase.
adjective
- Relating to or occurring during the period before bids are officially placed.
- All prebidding offers were kept confidential until the auction started.
- She reviewed the prebidding list to see who might be interested.
- The prebidding period ended at noon on Friday.