What happens if two identical Auto-Bids are made?
The first Bidder to register his Auto-Bid will become the Current Highest Bidder at an amount equal to his maximum Auto-Bid. What happens if I am the Current Highest Bidder at the Auction Close but the Reserve Price is not reached? IRONAUCTIONS will contact the Seller & advise him of your Highest Bid amount. The Seller will then have the option to extend a Last Chance Offer to you. For example if the Reserve Price was 60,000 USD and your Highest Bid was 58,000 USD, the Seller may chose to offer the item to you at 58,000 USD. This is only an option. Neither the Seller nor the Buyer has any obligation to make or accept such an offer. Can I change or withdraw my Bid? No, every time that you make a Bid you will be asked to double check and confirm it. In doing so you are making a contractual and irrevocable offer to purchase at the price that you have Bid. You can however, place additional bids and Auto-Bids of a higher amount than the Current Highest Bid amount. If you are outbid, you hav
