What is a Proxy Bid?

A fundamental aspect of participating in auctions is placing bids. When bidding, it is essential to enter the maximum amount that you are willing to pay for the item up for auction. By doing so, you are expressing your interest in the item and indicating the highest price you are willing to pay.

If no other bids have been placed on the auction when you bid, your bid will be raised to meet the auction's reserve price. As other bids are placed on the auction, the bidding system will automatically and incrementally increase your bid to maintain your position as the high bidder up to the maximum amount that you have set.

By following these simple steps, you can participate in auctions effectively, with the confidence that you are bidding at a price that aligns with your budget and maximizes your chances of securing the item you desire.