When you bid on a lot, you may choose to place a max bid (maximum bid) representing the highest amount that you're willing to pay at the moment.
Our automatic bidding technology will then place bids on your behalf. It will always place the lowest bid necessary and never go higher than your max bid.
If you're the first to place a bid on a lot without a reserve price, the bidding technology will place the lowest accepted bid amount for that lot.
If you bid on an auction with a reserve price, the bid agent will try to bid the amount of the reserve price so you can actually win the auction. It will never bid higher than your max bid amount.
If someone bids against you, the bidding technology will attempt to bid one bid step higher so as to give you a possibility to win the auction. Again, it will never bid higher than your max bid amount.
During the auction, you can change your maximum bid at any time: Just place a new bid for a different amount. You will never bid against yourself, even if you increase your max bid.
You can lower your max bid in the same way. But you can never lower it below the highest bid currently placed by the bidding technology.
If two bidders end up placing the same bid, the max bid placed or edited first wins. So it is recommended to place your max bid as early as possible.
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