Posted 07/04/2012 8:08 pm
depending on the site, they may allow proxy bids.
Quote:
Proxy bidding, sometimes called absentee or automatic bidding, is a method for bidding in an in-person or online auction. The way it works is the person who wants to bid on an item decides a maximum amount that he is willing to pay for it in advance, and tells this amount to the auction holder. As other bids are made, the auction holder automatically increases the person's bid by pre-specified increments until his maximum amount is reached. If the bidder is monitoring the auction, at this point he or she can give up or choose to increase his bid. The reason people do this is so that they don't have to continually monitor an auction to win an item, and so they can more easily bid on several items at once.
Proxy bidding, sometimes called absentee or automatic bidding, is a method for bidding in an in-person or online auction. The way it works is the person who wants to bid on an item decides a maximum amount that he is willing to pay for it in advance, and tells this amount to the auction holder. As other bids are made, the auction holder automatically increases the person's bid by pre-specified increments until his maximum amount is reached. If the bidder is monitoring the auction, at this point he or she can give up or choose to increase his bid. The reason people do this is so that they don't have to continually monitor an auction to win an item, and so they can more easily bid on several items at once.
Edited by Fuzzy317
07/04/2012 8:13 pm
07/04/2012 8:13 pm
