Bidding War

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Bidding War

A situation in which two persons or organization are so interested in a product, asset, or potential employee that they offer successively higher prices or salaries for it. For example, two potential employers for a recent graduate may be so interested that when the first offers $50,000, the other comes back with $55,000, which leads the first to increase to $60,000, and so forth. Bidding wars usually occur very rapidly.
References in periodicals archive ?
A Twitter user going by @UAAPTicketsG3 held a bidding war for a total of 11 patron tickets with five on the UST side and six on Ateneo's worth P20,000 each.
Senior BBC executives are understood to have been ordered not to get into a bidding war over future series of the Saturday night blockbuster, which has cost the corporation PS55million since it began in 2012.
Senior executives facing savage cuts are understood to have been ordered not to get into a bidding war over future series of the Saturday night talent blockbuster, which has cost [euro]73million so far.
The growth in bidding wars is in part the result of both tightening supply and increasing demand.
"In some cases, bidding wars are becoming prevalent again, and in other cases a listing will sit stale for months," LeFauve said.
A once obscure data storage firm, 3PAR is now at the center of a $2 billion bidding war between powerhouses Hewlett-Packard Co (HPQ.N) and Dell Inc (DELL.O).
"Halo" looks unlikely to enter the ethos of legendary Hollywood bidding wars fox" one simple reason: Microsoft's request for $10 million against 15% of the gross and a January start date isn't doable with a script many studio execs say is simply not up to snuff.
His pressured entry into rehab, brief sobriety complicated by romance with a handsome crack addict, subsequent relapse, scary downward spiral, and moving late-stage epiphany is the stuff of which film rights bidding wars are made.
The Parry Sound area isn't wading into the deep waters of any bidding wars to lure major manufacturers to town.
With unemployment near its lowest level in three decades, tech companies, banks, and consulting firms are in bidding wars for graduates.
As the federal government steps back, states fight increasingly damaging bidding wars with each other.
It was a harder path, perhaps, though it lead to fame among Italian patrons whose bidding wars had such steady impact on fifteenth-century musical developments.