Definition of 'bewildering'. bewildering (bÉªwÉªldÉrÉªÅ ) A bewildering thing or situation is very confusing and difficult to understand or to make a decision about. A glance along his bookshelves reveals a bewildering array of interests.
Sealed-Bid Auction. What is a 'Sealed-Bid Auction'. A sealed-bid auction is a type of auction process in which all bidders simultaneously submit sealed bids to the auctioneer, so that no bidder knows how much the other auction participants have bid. The highest bidder is usually declared the winner of the bidding process.
AUCTION PRICE: The price of property obtained through the auction. AUCTION VALUE: The price which a particular property/item brings in open competitive bidding at public auction. AUCTION WITH RESERVE: Also known as Reserve Auction and Auction Subject to Confirmation.BSENTEE BIDDER: A person (or entity) who does not attend the sale but submits, in advance, a written or oral bid that is the top price he/she will pay for a given property. ABSOLUTE AUCTION: An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount.