It is the type of bidding, usually for a house, where the first impressions are very good but it's not what you actually want or need. You then knee jerk bid on it before thinking it through. Magpie bidders usually go away and withdraw their bid rapidly after thinking about it in more detail.
"It 'twinkles' I want it, let's bid now!"
Then sometime in the future:
"Don't like it"
"It 'twinkles' I want it, let's bid now!"
Then sometime in the future:
"Don't like it"
It's ok love, don't cry there will be other bidders. They were clearly just Magpie bidding, can't believe they would mess with people's lives like that.
by Hillario July 3, 2016
Get the magpie biddingmug. The act of bidding on something on eBay while intoxicated. In the following days, the drunk bidder hopes that he/she get outbid and doesn't have to pony up the cash.
by gizzmo696 May 8, 2012
Get the Drunk Biddingmug. 
One of the best TV shows in the UK. Catch it after a good old night of alcohol abuse.
Order things when you're smashed outta your face, wake up the next day non-the-wiser, wait a few days and random shit turns up at your door, you then precede to call your mates asking why it's at your door before you realise what you were watching when you were drunk.
Order things when you're smashed outta your face, wake up the next day non-the-wiser, wait a few days and random shit turns up at your door, you then precede to call your mates asking why it's at your door before you realise what you were watching when you were drunk.
Ding dong...
Bidder: Oh, hello, Mr. Postman, what do you have for me today?
Bid TV guy: Some letters and a gnome ornament for your garden.
Bidder: What the fu?... Oh, this is gonna cost me.
Bidder: Oh, hello, Mr. Postman, what do you have for me today?
Bid TV guy: Some letters and a gnome ornament for your garden.
Bidder: What the fu?... Oh, this is gonna cost me.
by CFRMTB May 20, 2011
Get the Bid TVmug. by N3cr0n0mIV October 18, 2003
Get the rough bidnessmug. 
Guy 1: I heard Jennifer was looking around for a sugar daddy, like 12 dudes already said they would
Guy 2: Yea! she held an auction to see who wanted her most, Terry won, he is her bid daddy now
Guy 2: Yea! she held an auction to see who wanted her most, Terry won, he is her bid daddy now
by slavic hoe-mill November 6, 2020
Get the bid daddymug.