Auction Ends: Jul 28, 2011 06:30 PM EDT

Work/Office

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$1000 Gift Certificate for MTS Furniture

Item Number: 700

Estimated Value: 1000 USD
Sold: 240 USD to Live Event Bidder

Number of Bids: 9 - Bid History

Live Event Item

After the online close, this item went to a Live Event for further bidding.

Item Description

Your choice of MTS chairs, barstools, table/base combinations valued at $1,000 list. The gift certificate may be used toward any MTS products. Redemption certificate with contact information provided to winning bidder. original certificate must be presented, no reproductions accepted. Not redeemable for cash. Offer expires 12/31/11.

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Proxy bidding places bids on your behalf at the lowest possible increments. Simply enter your maximum bid (the highest amount you are willing to pay).

The goal of proxy bidding is for you to win the auction at the lowest possible price. 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.

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Example

An item’s current bid is $3.00, and the bid increment is $0.10. 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.

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Enter 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. Then click the "Place Bid" button. The system will immediately place your bid at the exact amount you entered.

Example

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.

Reserve Price

The Reserve is the minimum amount the organization is willing to sell the item. If the reserve isn't met by the end of the auction, then this item will not be sold.

Bid Extension

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. The item's closing time will continue to extend in 5 minute increments as long as there is continued bidding. The item will automatically close when there is a 5 minute extension period with no new bids.

Live Event Items

Further bidding will take place for this item during a live auction after online bidding is closed.

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