What are the Different Kinds of Bids I Can Place?

 

You may see the terms instant bid, maximum bid, and pre-bid used when referring to bidding on Proxibid. Please see below for an explanation of each:

Instant Bid

Instant bids are simply bids placed at the next available increment on a lot. By clicking the "Place Bid" button on a lot to place a bid at the next available amount, you are placing an instant bid.

Maximum Bid

A maximum bid is a predetermined amount that you are willing to bid up to. When you enter a maximum bid, you are telling the Proxibid application to bid on an item on your behalf. So, if you tell the Proxibid application to bid for you during an event, live or timed, you are telling the Proxibid application to participate in that event and to place bids not exceeding your maximum amount.

 

Please understand that entering a maximum bid does not guarantee that you will win the item at or below the amount that you have entered.

 

Pre-bids are bids made before an auction has gone live. Pre-bids can be instant bids or maximum bids, and are simply bids made in advance. Some sellers may refer to pre-bids as absentee bids. You may even place pre-bids during a live auction on items that have not yet entered the ring.