👉 The bids fluid, also known as the auctioneer's bid mechanism or dynamic pricing system, is a method used in auctions where the price of an item increases incrementally based on the highest bid received from bidders. This system is commonly used in real estate auctions, where the price of a property rises with each bid until it reaches the final sale price or until a predetermined cap is hit. The bids fluid encourages competitive bidding, as each bidder aims to outbid the others to secure the item at a higher price, while also providing transparency and fairness in the auction process.
