any and all bid meaning in Chinese

所有出价投标买入在特定价格出售的所有股份

Auction with reserve , an auction in which the seller or his agent reserves the right to establish a minimum bid , to accept or reject any and all bids and to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer
有底价拍卖，即卖家或其代理人有权设定一个最低价、确定是否接受竞买人的出价，并有权在拍卖师宣布拍卖结束前撤回拍品。