A more thorough explanation:

Liceri is a Latin term used in Roman law that means to bid for an item, especially repeatedly during the same sale.

During an auction, a bidder may liceri on a particular item, meaning they are placing bids on it. If another bidder places a higher bid, the first bidder may continue to liceri by placing even higher bids in an attempt to win the item.

For example, if a painting is being auctioned and the starting bid is $100, a bidder may liceri by placing a bid of $150. If another bidder places a bid of $200, the first bidder may continue to liceri by placing a bid of $250.

These examples illustrate how liceri refers to the act of bidding on an item, especially when multiple bids are placed during the same sale.