What is proxy bidding?

Proxy bidding is an innovative and strategic feature that enhances your auction experience. With proxy bidding, you can set your maximum bid for an item without needing to constantly monitor the auction in real-time. The system will automatically place incremental bids on your behalf, ensuring that you remain competitive up to your predetermined maximum.

Here's how it works: Let's say you're interested in an item and you're willing to bid up to $200. Instead of placing individual bids as the auction progresses, you can input your maximum bid of $200 through proxy bidding. The platform will then bid for you in predetermined increments, increasing your bid only when necessary to maintain your lead up to the maximum you specified.

Proxy bidding has several advantages. It allows you to engage in multiple auctions simultaneously without the need for constant attention. Plus, it helps prevent last-minute bid wars by automatically countering bids from other participants until your maximum is reached.

In essence, proxy bidding is a strategic tool that simplifies your participation, increases your chances of success, and ensures you're always in the running for items you desire without the need to be glued to your screen.