Any player except the dealer may bid at any time (again, it does not matter what cards are in the bidder's hand.

But here in Manheim, dealers and their agents commonly bid on cars they have examined for a minute or less.

A dealer of Lincoln memorabilia then bid $30,000.

If no one bids, choosing instead to pass, then the dealer automatically bids 15 and play resumes as normal.

This leads the regulatory party poopers to wonder how dealers - and there are eight - can bid on the stock.

The dealer can bid higher or pass.

If the first three bidders Pass, the dealer can bid 5.

Go to auctions and watch what the dealers are bidding on.

In the fiscal year ended Sept. 30, by comparison, 44 primary dealers were bidding on $97 billion of net new marketable debt.

In the example at left, West was the dealer and first to bid.