Bid Sheet

A bid sheet is a document used at auctions or sales to record bids for various items or lots. It serves as a record and administrative tool to track bidders and their bids and to document the progress of the auction. A typical bid sheet contains information such as the lot number, a description of the item, the starting price, the estimate or starting price, the name of the bidder and the amount of the bid. It may also contain additional columns for successive bids in case of overbidding. The bid sheet allows the auctioneer to keep track of incoming bids and determine the current high bidder for each lot. It also helps to keep track of the total amounts bid and to keep the auction organised. For the bidders themselves, the bid sheet serves as a personal record of their bids and helps them keep track of their interests and expenses. It also allows them to adjust or outbid their bids as the auction progresses, if desired. Overall, the bid sheet is an important tool that helps to make the auction process transparent and organised and enables reliable documentation of bids.