What Is Proxy Bidding? (new)

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.