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Okay, what are Proxy or MaxBids?

There are several systems of "proxy" bids; i.e. the system bidding for you automatically. The system is called "MaxBid." Think of 'Max' as someone who stays and watches the auction 24 hours a day while you're off doing more interesting stuff. You activate 'Max' by entering the highest amount you are willing to pay for an item into the "place bid" box. The system will then bid for you, bidding only enough to make you the high bidder. If someone tops that bid, good old 'Max' places another bid for you and so on up to the maximum amount you've specified. Under no circumstances will 'Max' ever bid MORE than you said. But the system will send you e-mail about an outbid and you can give 'Max' a few more bucks to play with, if you like. Just enter another bid amount.

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Article # 6

Created:
01-29-2005 6:32pm

Last Updated:
05-27-2005 11:21pm

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