How does absentee bidding work?
You found a lot (item) that you really like but you may not be able to come back to bid real-time during the Live auction. You don’t have to! Just place an “absentee” bid prior to the end of the live auction on any lot that has not sold. This is how it works: Once you find a lot on which you want to bid, register to participate in that auction. After you’re approved, go back to the lot page and input the maximum amount you are willing to pay for that lot – that is your absentee bid. Only approved bidders can place absentee bids. When the auction starts, we then “process” all the absentee bids and calculate what the winning absentee bid is. The winning absentee bid equals the second highest bid plus one bid increment . This value will be communicated to the auctioneer. Here is an example: . Rob places an absentee bid of $1,000 for Lot #123. . Dan places an absentee bid of $1,500 for Lot #123. . Ben places an absentee bid of $2,000 for Lot #123. . When we clear all absentee bids, Ben is
