Bidding Explained

Proxy Bidding: Not available for Silent or Reverse

 You enter the highest amount you are willing to bid on the item, this is called your Max-bid. "MAX" the system auto-bidder will bid on your behalf by proxy until your maximum bid level is reached. Your Max-bid will remain secret at all times. This means that you don't have to worry about being outbid in the last seconds and that you don't have to keep coming back to the auction to bid higher, unless your Max-bid is outbid by the increment amount set by the seller.

 All bids including proxy bids will be displayed in the bid history.

 How It Works EXAMPLE: Lets assume the seller JOHN lists an item with a starting bid of $100.00 and a bid increment of $10.00.   Now DAN and LARRY will bid on the item. You can see the actual bidding results in the bid history of any item

 

User Name

Max-Bid

Displayed

Results
DAN

$500.00

 $100 - Starts the bidding 

Bidding begins at the sellers starting bid, Dan is high bidder.
LARRY Bids

$200.00

 $200 - outbid by proxy

 His $200 bid is entered into bid history.
DAN'S bid is raised to $210.00

$500.00

  $210 - bid by proxy His $210 bid is entered into bid history. He is still high bidder.
LARRY Now Bids

$400.00

 $400.00 - outbid by proxy

 His $400 bid is entered into bid history.
DAN'S bid is raised to $410.00

 $500.00

  $410.00 - bid by proxy His $410 bid is entered into bid history. He is still high bidder.
LARRY Bids

 $500.00

  $500.00 - outbid by proxy He does not outbid $500.00 Max-bid by the increment of $10.00
DAN'S bid to his Max-bid $500.00

$500.00

  $500.00 - by proxy His $500 bid is entered into bid history. The next bid outbid him with the minimum bid of $510.00.
LARRY bids $600.00

$600.0

  $510.00 - New high bidder Larry is high bidder with $510.00 bid - Max-bid  $600.00

 Silent Auctions: No Multi Item Silent Auctions, And No Max-bidding In Silent Auctions

 Silent Auctions are great for the seller, because no bid information is displayed until AFTER the auction closes. Upon closing, the entire bid history will be displayed for 48 hours for all bidders to inspect. All bidders will also get an email notifying him of the winning bid with the date, time, and bid amount of winning bid. Buyers are likely to bid high, as they do not know what or who they have to outbid.


 Reverse Auctions: Allows you post what you want to buy and sellers bid down to sell to you  at the lowest price.

Get what you are looking for at the lowest cost!!

Reverse proxy bidding works the same as normal max bidding, only in reverse.