Dumb-Bidding
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In sales at auction, when the minimum amount which the owner will take for the article is written on a piece of paper, and placed by the owner under a candlestick or other thing, and it is agreed that no bidding shall avail unless equal to that, this is called "dumb-bidding."
Bab. Auct. 44.