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What happens if my preliminary bid ties with a virtual auction buyer for the same vehicle?

April 26, 2017auction bid buyer happens Preliminary ties vehicle virtual

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What happens if my preliminary bid ties with a virtual auction buyer for the same vehicle?

1 Answer

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10 Posted

If your preliminary bid ties with a virtual bidder for a particular vehicle, then the award goes to the virtual bidder. To prevent a tie, the preliminary bidder should answer “Yes” to the Bid Increment question. When the Bid Increment option is used, BID4U will increase the preliminary bid by one and only one increment, therefore breaking the tie.