Game Play
On the original version of The Price Is Right, four contestants – one a returning champion, the other three chosen from the studio audience – bid on items or ensembles of items in an auction-style format.
A prize was presented for the contestants to bid on. A minimum bid was specified. After the opening bid, contestants bid on the item in turn with each successive bid a certain amount higher than the previous bid. A contestant could freeze his/her current bid instead of increasing it if he/she believed his/her bid was close enough to win. A later rule allowed contestants, on their opening bid only, to "underbid" the other bids, but this automatically froze their bid and prevented them from later increasing the original bid. Some rounds were designated as one-bid rounds, where only one round of bidding was held (this is the format used on the current The Price is Right); sometimes the minimum-bid and higher-bid threshold rules also were waived.
The bidding continued until a buzzer sounded, at which point each contestant who had not yet "frozen" was given one final bid, or at least three of the contestants had frozen. The fourth contestant was allowed one final bid, unless he/she already had the high bid. Cullen then read the actual retail price of the prize. The contestant whose bid was closest without going over the actual price won the item. If everyone overbid, the prize was not won; however, Cullen sometimes had the overbids erased and instructed players to give lower bids prior to reading the actual price.
Frequently, a bell rang after the winner was revealed, indicating a bonus prize accompanied the item up for bids. While this was typically an additional prize, a bonus game often accompanied the prize (e.g. a tune-matching game, where a clip of a well-known song was played and the contestant matched it with a face for a cash bonus).
After a set number of rounds (four on the nighttime version, six on the daytime), the contestant who accumulated the higher value in cash and prizes became the champion and returned on the next show.
Read more about this topic: The Price Is Right (1956 U.S. Game Show)
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