offer (a certain price) for something, especially at an auction: a consortium of dealers bid a world record price for a snuff box guests will bid for pieces of fine jewellery
n.
an offer of a price, especially at an auction: at the fur tables, several buyers make bids for the pelts
the offering of particular prices for something, especially at an auction: other companies in the bidding include General Electric their first sale produced a wide range of lots and some energetic bidding