The Collaborative International Dictionary
Outbid \Out*bid"\, v. t. [imp. Outbid or Outbade (?); p. p. Outbid or Outbidden (?); p. pr. & vb. n. Outbidding.] To exceed or surpass in bidding; to bid a higher price.
Prevent the greedy, and outbid the bold.
--Pope.
WordNet
v. bid over an opponent's bid when one's partner has not bid or doubled
bid higher than others [ant: underbid]
[also: outbidding, outbidden]
See outbid
Usage examples of "outbidden".
The Bank resolved not to be outbidden in this singular auction, and the Governors also reconsidered their first proposal, and sent in a new one.
It was his intention to try out his latest acquisition, a team of high-bred grays, warranted by their late owner to be sweet-goers, and enviously described by the gentleman who had been outbidden by his lordship as four very tidy ones indeed.
I have long outbidden folly with folly, pride with pride, scorn with scorn, insolence with insolence, and have outlived many vanities with many more.