Auction Ends: Jul 8, 2015 12:00 AM EDT

Art

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Elephants

Item Number: 133

Estimated Value: 750 USD
Opening Bid: 250 USD

Item Description

By Jeanne Morrison

14 x 16 Acrylic

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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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