OUTBID

[verb] [T] outbidding, [past simple] outbid, [past participle] outbid or outbidden - to offer to pay a higher price for something than (someone else), esp. at an auctionDuring the 1980s boom, residential property became too expensive for overseas buyers who were always outbid by the UK buyer.The retail group outbid all three competitors for space in the shopping centre.