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What is MAX BIDDING (Proxy Bidding) and how do I use it?
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What is MAX BIDDING (Proxy Bidding) and how do I use it?
Max Bidding allow you to enter the maximum you are willing to pay for an auction lot. Your maximum amount will be kept secret; WineCommune will bid on your behalf as necessary by increasing your bid by the current bid increment up until your maximum is reached. This saves you the trouble of having to keep track of the auction as it proceeds and prevents you from being outbid at the last minute unless your spending limit is exceeded. Also, in case of a tie for high bidder, earlier bids take precedence. And, keep in mind that you cannot reduce your maximum bid at a later date. If you have bid on this item before, note that your new bid must be greater than your previous bid.
To use Proxy Bidding just enter the maximum amount on the bid line - you actual bid will only be the next highest increment.
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