ALLBIDS Blog
Learn about events, happenings and more
Online Auction Process
Wednesday, 01 February 2017 | Muhammad Awais
You may bid by placing an Instant bid or by placing a maximum bid (Proxy Bid)
If you bid at an online auction by placing maximum bid (Proxy bid), you are responsible for monitoring the online auction in which you are participating and acting in the auction by instructing Proxy bid with your bids.
Proxy bid will always start at the bid increment above the starting bid or the current highest bid. If you want to match a current or starting bid you must submit a normal bid.
If you do not leave a Proxy bid amount, the bid amount that will appear when you submit a normal bid will apply.
An online auction will start at the specified time and bidding will start at the nominated minimum starting price.
All bids placed at an online auction must be made on a per-item basis, and may only be increased by multiples of the posted bid increment.
|
|
