1. the act of bidding more than necessary or more than something is worth
Usage: often used in auction or business contexts

1. present participle of overbid; bidding more than necessary or more than something is worth
Usage: gerund form

Examples

• The overbidding at the art auction drove prices to unreasonable levels.
• His overbidding on the construction project cost the company thousands.
• She regretted overbidding on the antique vase when she saw similar ones for less.
• The real estate market suffered from widespread overbidding by eager buyers.
• Overbidding in online auctions is a common mistake for new users.
• The contractor was overbidding to ensure he covered all possible costs.
• Their strategy of overbidding backfired when they won too many unprofitable contracts.