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What is a Proxy Bid? [Buyers] [FAQ]

StorageAuctions.comStorageAuctions.com NAStorageAuctions-com Moderator
edited April 2017 in StorageAuctions.com


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.





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