Proxy bidding can simplify your bidding experience by automating bids on your behalf, ensuring you remain the highest bidder up to your maximum bid without having to monitor the auction constantly. This guide will explain how proxy bidding works, helping you bid with confidence.

How Proxy Bidding Works

When you place a proxy bid, you enter the maximum amount you're willing to pay for an item. Our system will then make incremental bids on your behalf, ensuring you stay ahead of other bidders until your maximum limit is reached.

Steps for Placing a Proxy Bid

• Choose an Item: Select the lot you want to bid on.
• Enter Your Maximum Bid: Input the highest price you are willing to pay.
• Submit Your Bid: Confirm your bid to activate the proxy bidding system.

Bid Increments

Bid increments vary depending on the current bid amount. Here is a table of the increments used:

Current Price	Increment
$0.00 - $9.99	$1.00
$10.00 - $24.99	$2.00
$25.00 - $99.99	$5.00
$100.00 - $499.99	$10.00
$500.00 - $999.99	$25.00
$1,000.00 and above	$50.00

Key Features of Proxy Bidding

• Automatic Bidding: The system bids on your behalf in predefined increments, ensuring you remain the highest bidder without exceeding your limit.
• Confidentiality: Your maximum bid amount is kept confidential from other bidders.
• Incremental Bidding: Bid increments are set according to the current bid amount, ensuring fair and competitive bidding.

What Happens When Two Bidders Place the Same Maximum Bid?

If two users enter the same maximum amount, the first bidder to place their proxy bid will remain the high bidder, as our system prioritizes earlier bids.

Notifications

• Outbid Notifications: If another bidder exceeds your maximum amount, you will receive an email notification, allowing you to decide whether to place a new bid.

Auction Close Times

Our auctions close two items per minute. However, if a bid is made within the last two minutes of an item's listing time, the auction for that item will automatically extend for an additional two minutes. This prevents auction sniping and gives everyone a fair chance to place their last-minute bids.

Tips for Effective Proxy Bidding

• Set a Realistic Maximum Bid: Consider the item's value and how much you are genuinely willing to pay.
• Monitor the Auction: Keep an eye on the auction, especially as it nears closing, to ensure you don't miss out if you are outbid.
• Check Your Email: Stay alert for outbid notifications so you can react promptly if you wish to continue bidding.

Conclusion

Proxy bidding is a powerful tool designed to enhance your bidding experience by keeping you in the lead up to your maximum willing price. We encourage you to use this feature to make the most of your bidding opportunities on our platform.