| A Regular
Bid is a standard in auction bidding. The amount that you place into this
field will be the amount of the bid that you are making.
The nescessity of having to continually update your bid is a drawback to this type of a bid.
|Auto Bids (Proxy/Absentee Bids)|
| The Auto Bid
takes advantage of the computer in the On-Line auction environment. By bidding
as much as you want to spend and using an auto bid, the Visual Auction©
software will automatically advance the bidding if someone bids more than
the current bid and less than your Auto Bid. It
will not block someone who is willing to place a Regular
Bid at the same amount as your maximum Auto Bid
amount. So keep an eye on the auction at closing to make sure you are not
Auto bids will also automatically advance the bidding to the level of the reserve or your maximum Auto bid. Whichever is lower.
|Dynamic Bid Times|
Dynamic Bid Time can be set by the seller when posting an auction. Dynamic Bidding allows for bidding to continue beyond the normal end of the auction if certain events occur.
If anyone places a bid during the Dynamic Bid window, which is measured in minutes, then the end of the auction will be extended by the length of time of the Dymnamic Bid setting.
seller sets a Reserve Bid amount they are stating that this value, which
is not disclosed to the bidders, except to announce whether the Reserve
Bid has been met, is the lowest bid that they will accept as a successful