About Proxy Bidding
- Proxy Bidding is an automated 'agent' that you authorize to act in your place. This 'agent' will bid as little as it is necessary (minimum bid increments) to outbid other bidders and maintain your position as high bidder, up to the maximum bid you have entered in the bid box. This is how it works:
- In the Bid box of a specific auction, enter the HIGHEST bid you're willing to pay for the lot. The auction system will now place a bid at the current LOWEST minimum bid.
- If another bidder outbids your LOWEST minimum bid, the Proxy Bidding agent will automatically place another bid on your behalf at the minimum bid increment necessary to ensure you're the winning bidder.
The Proxy Bidding agent will continue to make the LOWEST minimum bids on your behalf up to the maximum amount of your bid until you are the winner, or another bidder makes a bid higher than your Proxy Bid.
- Bid Increments: Bid increments are as follows $1 increments Up to $10.00, $2 increments up to $25.00, $5 increments up to $100.00, $10 increments up to $500.00, $25 increments up to $1000.00, $50 increments over $1000.00