Outbid
verb
To offer a higher price than someone else for something, especially in an auction.
I was prepared to pay $10,000 for the painting, but another collector outbid me.
Often appears as...
- outbid at auction
- outbid for something
verb
To make a higher bid than (another), especially in order to buy a contract or franchise.
The telecom company was outbid in the bidding process for a new network contract.
Often appears as...
- outbid in contract
- outbid in franchise
Usage tips
Formal
Business
verb
To offer a higher price than someone else for something, especially in an auction.
I was prepared to pay $10,000 for the painting, but another collector outbid me.
Often appears as...
- outbid at auction
- outbid for something
verb
To make a higher bid than (another), especially in order to buy a contract or franchise.
The telecom company was outbid in the bidding process for a new network contract.
Often appears as...
- outbid in contract
- outbid in franchise
Usage tips
Formal
Business
Definition 1 of 2
Pro Tip 1/3Auction Dynamics
Understanding 'outbid' leads to knowing auction environments, where competing bids increase item prices.
At the art auction, the rapid bidding war ended when an anonymous bidder outbid us all.
Pro Tip 2/3Competitive Edge
'Outbid' carries the sense of defeating rivals in a financial context.
She outbid the others for the vintage car, showcasing her determination to win.
Pro Tip 3/3Emotional Stake
The word often implies personal investment or desire to own something valuable.
Though I outbid the others, the victory felt hollow, knowing they desired it too.
Compare with
beatbestexceedanceoutdopasssurpasstoptrump
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Video examples
Chasing Rivers, Part 1:...
significantly in this part of the world. There was recently a water auction for... during drought and all the farmers went to the water auction to see if they can get more water through this drought year. And they were outbid on every single count by oil and gas companies. And one oil and gas well can use one to five million gallons of water.
Video examples
Mike O'Sullivan: The end...
Against a backdrop of trade wars, some countries like the US have outbid others for masks. There's been hacking of vaccine programs, and a common enemy, the pandemic, has not been met with a common response. So any hope that we might have a world vaccine
Video examples
Chasing Rivers, Part 1:...
significantly in this part of the world. There was recently a water auction for... during drought and all the farmers went to the water auction to see if they can get more water through this drought year. And they were outbid on every single count by oil and gas companies. And one oil and gas well can use one to five million gallons of water.
Video examples
Mike O'Sullivan: The end...
Against a backdrop of trade wars, some countries like the US have outbid others for masks. There's been hacking of vaccine programs, and a common enemy, the pandemic, has not been met with a common response. So any hope that we might have a world vaccine
Example 1 of 2
Quote examples
Arne Glimcher
American Director
The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.
Quote examples
Arne Glimcher
American Director
The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.
Example 1 of 1
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