Max Bid Placing a “Max Bid” is a great way to protect your interest in purchasing a lot in the event you lose internet connection or track of time. When you place a max bid, your bid is only advanced IF someone bids against you. For example, if you place a max bid of $1,500 when the lot has a current bid of $900. Your bid will be placed at $1,000, someone else bids $1,100, you are automatically put back in as high bidder at $1,200. This process will continue until bidding stops OR your max bid is reached. Another advantage, if your MAX bid is $1,500 and someone else puts in a MAX bid of $1,500. Because you placed your MAX bid first, you will be awarded first position at $1,500. No other bidders can see max bids and you don’t have to sit in front of your computer placing every single bid. If your max bid is reached, you still have the option to continue bidding.
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