If a bid comes in with under a minute to go the time is extended by 60 seconds.
Clever tactic to drive the bids up.
There's a min bid increment the number is always going to go up.So what happens if two proxy bidders fell into that trap that have set the same max bid amount?
There's a min bid increment the number is always going to go up.
If it were you and I bidding against each other and we both had a max bid of 2K. Whoever has the last bid of 2K wins. If you decided to up your bid by the $25 minimum increment then I would have to decide to either stay put of add another bid.
Yep, so in that case the last bid in wins.Aren't proxy bids done automatically with the bidder not actively involved?