Proxy Bid

This auction platform provides a proxy bid. A proxy bid is a way to place your max bid without having to watch the auction. Your max bid is not visible to anyone and will only increase if someone else places a bid on that item. Your max bid will only be reached if someone meets or exceeds the bid amount. You simply place the proxy bid in the bid box, for example, if you place a $100 proxy bid and that item starts at $5.00 your bid will still be at $5.00. If someone comes in and places a $10.00 bid on that item it will increase your bid to $11.00. Your proxy bid only increases depending on the bidders bidding against you. 

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