Proxy Bidding (also known as Automatic Bidding) – Our automatic bidding system makes bidding convenient so you don’t have to keep coming back to re-bid every time someone places another bid. When you place a bid, you enter the maximum amount you’re willing to pay for the item. The seller and other bidders don’t know your maximum bid. We’ll place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We’ll bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount.
As you can see in the figure below, bidder J had entered a proxy bid of $17. Since $15 was the opening bid and no other bids were placed, the bid shown was $15. However, when M bid $17, they were immediately automatically outbid by J’s $17 bid. M had to bid $18 to overcome J’s bid.
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