What type of bidding is allowed, and is there an automated auction in place?
There are two types of bidding: 1) Manual Bidding Manual bidding requires you to monitor the auction. You submit your bid, and if someone outbids you, you will receive an email notification. You have 24 hours to submit a new bid to maintain the status as the highest bidder. 2) Automated Bidding (Proxy Bidding) If you prefer not to constantly monitor the bidding process, you may choose to use the automated bidding function. This means that every time someone outbids you, the system will automatically enter a bid for you — at least one increment higher than the current bid. You may also set any increment amount you may wish, as long as it is higher than the registry’s minimum amount. To prevent yourself from paying too much, you are able to set a maximum bid amount — which stops the system from automatically entering the bid for you. Should your maximum amount be outbid, you have the opportunity to increase your maximum or leave the system as is. If you choose to leave the system as is,
