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underbidder

  • a word derived from underbid.
    underbid
    verb (used with object)
    to bid less than (another bid) or less than the bid of (another bidder), especially in seeking a contract to be awarded to the lowest bid or bidder; make an offer at a lower price than.

Example Sentences

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The underbidder was ConstitutionDAO, which announced its plan to raise millions of dollars to buy the Constitution on Twitter on Nov. 12.

From Seattle Times Nov. 19, 2021

“Rubens’s time has come,” said Mr. Haboldt, an old masters specialist with locations in Paris, New York and Amsterdam, who was the underbidder.

From New York Times Jul. 16, 2016

Reducing the buyer's premium after the sale would put the underbidder at a disadvantage.

From The Guardian Mar. 18, 2011

Young Mr Noortman, the underbidder who was trying to buy the picture for stock, did not stand a chance.

From Economist Dec. 15, 2009

It was purchased at Sotheby's in July, 1920, by a well-known New York dealer, Mr. G. D. Smith, for ten guineas, the writer of these lines being the underbidder.

From The Book-Hunter at Home by Allan, P. B. M.

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