What am I bid?
Definition 1 of 1
Pro Tip 1/3Auction Setting
Used in auctions to prompt participants to offer their opening bids or raise the bid. 
The rare coin collection was next, and the auctioneer asked, 'What am I bid?'
Pro Tip 2/3Expecting Response
Auctioneers expect an immediate monetary response from bidders after saying this. 
'What am I bid for this vintage car?' the auctioneer called out, and hands shot up.
Pro Tip 3/3Encourages Competition
Spurs competition among bidders to increase the price. 
As the auctioneer said, 'What am I bid?', the room's energy surged with competitive bids.