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Bidding by Proxy
Each time you place a bid, our system will monitor your auction and act as your proxy by doing the bidding for you. Proxy bidding lets you set an upper bidding limit--that's your maximum bid--while keeping your actual bids as low as possible. (Your maximum is private--we don't disclose it to anyone.)
If another party beats your initial bid, your proxy raises your bid by one single increment more than the challenging bid. This pattern continues until another bidder exceeds your maximum bid, or until you win the auction.
For example: A lamp has a current high bid of $75. Your initial bid must be at least one bid increment above $75-or $76. You decide that the lamp is worth $120, and you enter a $120 maximum bid. Even though you've set your bid at $120, your proxy holds your actual bid to $76.
But the auction's not quite over. Another bidder sees that your current winning bid is $76, making $77 the next acceptable bid amount. The competing bidder places a $90 bid. When the challenging bid shows up, your proxy competes with the challenger's proxy; and the challenger's maximum is exceeded. You're left with a winning bid of $91--still well under your $120 maximum.
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