What is a Proxy Bid? [Buyers] [FAQ]
What is a Proxy Bid?
A proxy bid is a bid robot that you can utilize to place bids for you. Creating a Proxy bid will allow you to outbid anyone automatically by outbidding bids by $10.00 until the current bid is higher than your proxy bid.
Example: You Placed a Proxy Bid Placed of $200.00
If no one else bids on the auction, you will win and the max bid will be $80.00.
If a bid is placed for greater than your proxy bid ($200.00), you will be alerted by email that you have been outbid and will have to log back into the system to continue bidding on this unit.