An Auction is happening, people are bidding in sensible increments and then, all of a sudden, someone puts in such a high bid that no one would dare bid against them. This can be an escalation of a bidding war or a total newcomer. The correct name for this kind of tactic is a Jump Bid and it can be very effective, or it can land you paying far more than you needed to. Used primarily for dramatic effect, either to highlight the value of the item (particularly if it was previously considered of low value or it has a secret use) or to dramatically introduce a character to a scene. Nothing says "I am rich and powerful, look this way" like doubling the bid for a teapot when the last bidder had just got to £900,000. Also very common in in Bachelor Auction setups. A similar setup can occur in gam
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| - An Auction is happening, people are bidding in sensible increments and then, all of a sudden, someone puts in such a high bid that no one would dare bid against them. This can be an escalation of a bidding war or a total newcomer. The correct name for this kind of tactic is a Jump Bid and it can be very effective, or it can land you paying far more than you needed to. Used primarily for dramatic effect, either to highlight the value of the item (particularly if it was previously considered of low value or it has a secret use) or to dramatically introduce a character to a scene. Nothing says "I am rich and powerful, look this way" like doubling the bid for a teapot when the last bidder had just got to £900,000. Also very common in in Bachelor Auction setups. A similar setup can occur in gam
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| - An Auction is happening, people are bidding in sensible increments and then, all of a sudden, someone puts in such a high bid that no one would dare bid against them. This can be an escalation of a bidding war or a total newcomer. The correct name for this kind of tactic is a Jump Bid and it can be very effective, or it can land you paying far more than you needed to. Used primarily for dramatic effect, either to highlight the value of the item (particularly if it was previously considered of low value or it has a secret use) or to dramatically introduce a character to a scene. Nothing says "I am rich and powerful, look this way" like doubling the bid for a teapot when the last bidder had just got to £900,000. Also very common in in Bachelor Auction setups. A similar setup can occur in gambling, where a gambler tries to scare off the other gamblers with a huge wager. Depending on the format of the auction this may or may not be possible in Real Life. Examples of Whammy Bid include:
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