Auction Ends: Sep 15, 2016 10:45 PM MDT

Art

"Red Fish, Blue Fish" barrel by Kate Hefferan

Item Number: 115

Opening Bid: 200 USD

Item Description

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Proxy Bid

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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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