AIG Domestic Life Companies regularly overbid for their business (as did most of the industry). (alephblog.com)
I get overbid on my offers with people that have $ 1 - 3 million in cash to buy a building so he definitely does not have a monopoly. (biggerpockets.com)
They happen because a class of assets gets overbid, and often because of debt incurred to buy the assets. (alephblog.com)