What Is Proxy Bidding?

GLOSSARY

PROXY BIDDING - Is a feature set in Auctria allowing a bidder to set a maximum amount they are willing to pay for an Online only item and then allow the computer system to bid for them until someone places a higher bid than their maximum amount.

The essential idea behind Proxy Bidding is for the bidder to place a maximum bid but still have the possibility of winning the item at the lowest possible bid up to the maximum they are willing to pay.

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Reviewed: 2022-04-04

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