Do Ticketmaster Auctions offer Proxy Bidding-where my bid automatically increases until it reaches my maximum bid amount?
Please note that while many other online auction sites employ “Proxy Bidding,” we do not. “Proxy Bidding” is when you submit a confidential maximum bid and the auction system automatically increases your bid in order to maintain the high bid. The proxy bidding system stops when it has won the auction or has reached the maximum bid amount you specified-therefore your maximum bid may or may not be the price you actually pay once the auction ends. Ticketmaster Auctions do not employ Proxy Bidding because there can be multiple winners within the same auction and exact seat location assignments are determined by comparing your bid against other bids submitted. It is important for bidders to understand that, in Ticketmaster Auctions, the bid amount they enter will be the actual amount to be paid per ticket if the bid is a winning bid at the end of the auction. The one exception to this rule would be for Uniform Payment Auctions* where the per-ticket price is equal to the lowest winning bid i