A "bidding war" often refers to a competition among buyers to acquire a particular item or property by offering higher and higher prices, often driving up the cost beyond its actual worth. There are various synonyms that could be used to describe this type of activity, such as auction, bidding frenzy or bidding contest. Other similar terms include a battle of the wallets, a race to the top, a flurry of offers, or a competitive buying spree. Whatever term is used, the common denominator is that multiple bidders are vying to gain an advantage over each other to come out as the winner of the auction.