Auction Ends: Jul 17, 2012 10:00 AM EDT

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Bicycle for an Orphan

Item Number: 223

Buy Now Price: 85 USD
Quantity Available: 0
Sold: 7 – Purchase History

Item Description

Your bid on this item will purchase one bicycle for the orphanage in Busia, Kenya. Children and teachers at the orphanage use bicycles as their primary transportation to the town center and for medical appointments.

Donated By:

Worldwide Foundation for Credit Unions

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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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Example

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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.

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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.

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