What is a Maximum Bid?
When placing a Maximum Bid on an item, you give Bowers and Merena Auctions permission to bid for you up to and including the Maximum Bid amount you set. The Maximum Bid system will ONLY raise the bid in minimum increments in response to a competing bid, so you are sure to get the lot for the lowest possible price. This allows you to remain active on an item in the auction without the need for multiple Internet transactions. For example, say the item is currently $50 and you want to bid $65. Enter $65 as your Maximum Bid and the auction system will bump the current bid from $50 to the next increment of $55, and protect your bid up to $65. If a competing bid exceeds your Maximum Bid amount, you will be sent an outbid notice via e-mail. You can choose to go back and place a new bid, or allow the Maximum Bid to expire without further action.
