1. to offer a higher price than someone else in an auction or competitive bidding situation

Examples

• She was outbid at the last minute and lost the antique vase.
• The company outbid three competitors to win the construction contract.
• He tried to outbid everyone else for the rare baseball card.
• We were outbid by $50,000 on our dream house.
• The museum outbid private collectors to acquire the painting.
• They decided not to outbid the other buyer when the price got too high.