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English definition of “bid sth up”

bid sth up

phrasal verb with bid     /bɪd/ verb (past tense and past participle bid)
if several people bid something up, they cause the price of it to rise by each offering to pay more for it: Multimillionaires often sit across the table from one another, both wanting the same property, and bidding up prices.
(Definition of bid sth up from the Cambridge Business English Dictionary © Cambridge University Press)
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