Vendor Bid
nounven·dor bidpronounced VEN-dər BID
Last reviewed 16 April 2026
What does the noun Vendor Bid mean?
A bid made by the auctioneer on behalf of the seller. Used to start bidding or move the price toward the reserve when buyer bids slow. Must be announced clearly and can only be made below the reserve price.
How the noun Vendor Bid is used
The auctioneer placed a vendor bid of $750,000 to get things moving when no buyers opened the bidding.
Related words
Cite this entry
MLA citation: "Vendor Bid." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/vendor-bid. Accessed 29 May 2026.
Chicago citation: How to Property. "Vendor Bid." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/vendor-bid.
APA citation: How to Property. (2026, April 16). Vendor Bid. https://howtoproperty.com.au/definitions/vendor-bid