PROXY BIDDING

PROXY BIDDING

How Proxy Bidding works

To bid on our website when we have a live auction you must register as a buyer which is very simple procedure

What is Proxy Bidding?
the system of proxy bidding is to try and help make you the highest bidder at all times so you don’t have to sit an monitor the website every second of every day during our auctions.

If you find an item that you like and have satisfied yourself that you would like to buy it , you then decide what is the maximum amount that you would like to pay for it. Enter in the maximum bid amount  and our system will ensure that you are automatically the highest bidder until it reaches that amount. If another bidder places a bid then the system will increase your bid automatically by the bid increment( see table below) and keep you ahead. If the item sells for less than your maximum amount then you only pay what the highest bid is. Should you require any clarification on this please do not hesitate to contact our office team.

Why use bid increments?

It is best practice to use bid increments as it defines the amount that you must increase your bid amount by each time. It regulates the bidding process thus preventing users from frustrating other bidders by only increasing the bid by a nominal amount. (e.g. if you are bidding on an item in excess of €500 you would not like for another user to prevent you winning only increasing the bid by €0.50 or €1 each time) Should you require any clarification on this please do not hesitate to contact our office team.

Bid Range                                 Bid Increment

€1.00 – €10.99                       €0.50

€11.00 – €25.99                    €1.00

€26.00 – €69.99                    €2.00

€70.00 – €149.99                  €5.00

€150.00 – €499.99              €10.00

€500.00 – €999.99              €20.00

€1000.00 – €2500.00         €50.00

€2500.00 – Big Bucks       €100.00