How are winning bids determined?
When the auction closes, the highest bidders win the lot at the actual bid price. Bids are sorted in order of price and then time. If bids are tied for price, the earlier of the bidders win. Back to list. • How do I place a proxy bid? It looks like I can only place a maximum bid. Maximum bid serves the same function as a proxy bid. Random Treasures Auctions will automatically increment your bid, if necessary, up to your Maximum Bid. However, if someone bids over your Maximum Bid, they will become the new high bidder. A more detailed explanation on bidding is available on the Rules page – click here or on the “RULES” button located at the top of every page. Back to list. • How can I cancel an unwanted bid? At this time, you do not have the ability to cancel a bid. Please, bid carefully and responsibly when using RandomTreasuresAuctions.com. Back to list. • How can I prevent being outbid? We use the “Thirty Minute” rule for Auction closings so that the high bidder cannot lose an item by
