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How does “Maximum Bid” work?

April 26, 2017maximum bid

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How does “Maximum Bid” work?

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When you enter a bid significantly higher than the current high bid, then the system will automatically bid for you up to the point of your maximum bid. This makes it less necessary to be online at the time the auction ends. The amount of the bid will be the minimum needed to outbid competing bidders. For example, if the current high bid is 1000 yen, and you bid 2000 yen, then a bid of 1100 yen will be automatically placed for you. If someone else bids 1500 yen, then a bid of 1600 yen will be placed for you – and so on. If someone bids 2100 yen, then an email will be generated to you that you have been outbid.