What is a Proxy bid?
A proxy bid is one you enter in the maximum field and represents the highest amount you are willing to bid for a particular item/lot. Once you enter a proxy bid, Auction Systems’ computer system will bid for you up to that amount, increasing your bid by the minimum bid increment only when you have been outbid by another bidder either Internet or Live bidder. So, you could win the lot for less than the proxy bid you entered or possibly be completely outbid. We recommend proxy bidding over Simulcast Live Bidding to prevent being outbid during the live auction event.
