Auction Ends: Apr 6, 2013 07:27 PM EDT

Class Projects - Live

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French 1st #2: "Au Revoir"

Item Number: 512

Estimated Value: Priceless
Sold: 700 USD to Live Event Bidder

Live Event Item

This is a Live Event Only item.

Item Description

Artwork of EIS building in pencil!

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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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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

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