The item's closing time will continue to extend in 5 minute increments as long as there is continued bidding. The auction closing time on an item will be extended by 5 minutes each time a new bid is placed during the last 5 minutes of an auction. If the reserve isn't met by the end of the auction, then this item will not be sold. The Reserve is the minimum amount the organization is willing to sell the item. If the current high bid is $1.00, and you entered a straight bid of $15.00, you’re now the current high bidder at $15.00. The system will immediately place your bid at the exact amount you entered. Straight BidĮnter an amount higher than the current winning bid (displayed on the auction page as "Leading Bid"), and click on the "Bid this exact amount" radio button below the bid you just entered. Jane chooses automatic bidding and enters a maximum bid of $6.00, so Jane becomes the high bidder and the current bid reads $3.10. Therefore, the current bid will equal the former bid plus the bid increment.Īn item’s current bid is $3.00, and the bid increment is $0.10. Your maximum bid is only placed when another bidder also bids up to that amount or when the reserve price is equal to or greater than your maximum bid.īids will increase based on the bid increment set for the auction. The goal of proxy bidding is for you to win the auction at the lowest possible price. Simply enter your maximum bid (the highest amount you are willing to pay). Proxy bidding places bids on your behalf at the lowest possible increments.
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