Proxy Bidding

What if I am interested in a lot but cannot keep checking the site for the highest offer?

If you are unable to keep checking the site, we recommend setting a proxy bid at your highest available amount that you are willing to offer. You will be notified via email if you are outbid on a lot. If you set a proxy bid, you will then be notified when an offer is higher than your proxy bid.

What is a proxy bid?

 A proxy bid is an automated system where you enter the absolute maximum amount you are willing to pay for an item at an auction. The system acts as a digital assistant, incrementally bidding on your behalf by the smallest required amount to keep you in the lead, without ever exceeding your set maximum.

How does a proxy bid work with reserve pricing?

On a proxy auction, if the winning user's maximum (proxy) bid is higher than the reserve ("Lowest Price to Accept"), the auction automatically places a bid on their behalf at the reserve price when the auction closes. This ensures the bidder wins the lot, which would otherwise be removed due to not meeting reserve.