Proxy Bidding Rules

The feature of an auction listing in which automatically bids on the buyer’s behalf, up to the maximum amount they set. Enter the maximum amount you're willing to spend on an item, and we will continue to bid incrementally for you until either you're the high bidder or your maximum is reached. This means you don't have to keep coming back to bid every time someone else places a bid.

How it works

  1. When you place a bid, you enter the maximum amount you'd be willing to pay for the item. Your maximum amount is kept confidential from other bidders and the seller.

  2. The system compares your bid to those of the other bidders.

  3. The system places bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position. The system will bid up to your maximum amount.

  4. If another bidder has a higher maximum, you'll be outbid. BUT, if no other bidder has a higher maximum, you win the item. And you could pay significantly less than your maximum price! This means you don't have to keep coming back to re-bid every time another bid is placed.

  5. If you and another bidder places the same maximum bid, the winner will be determined by who placed the maximum bet first.
  6. If you place a proxy bid and then another bidder places a proxy bid higher that your proxy bid, the system will automatically place the highest bid for the other bidder in the amount if the highest existing proxy bid.
  7. Once you place a proxy, you cannot raise your proxy bid until you have been out bid. If you do try to raise your proxy, it will out bid yourself.

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