What is a Proxy Bid in an Auction? (Business Opportunities - Other Business Ads)
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Item ID 2670826 in Category: Business Opportunities - Other Business Ads
What is a Proxy Bid in an Auction? | |
Definition of Proxy Bidding Proxy bidding is also called automatic bidding. It is a method to bid in an online or in-person auction. Proxy bidding is a revolutionary technique that empowers bidders to set a maximum bid on an item of interest before the auction commences. This maximum bid represents the highest amount the bidder wants to pay. As soon as the bids start, the proxy holder increases the bid of the person auction by fixed increments until his highest amount unfolds. In case the bidder is keeping an eye on the auction, at this point, he can increase the bid or give up. This helps people choose to simultaneously bid on multiple items. This ingenious process keeps bidders competitive without requiring their constant presence, turning the auction into a battle of wit and strategy. The beauty of proxy bidding lies in its ability to engage in bidding wars without requiring constant monitoring or active participation from the bidder. https://auctionplugin.net/blog/what-is-a-proxy-bid/ | |
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| Target State: All States Target City : All Cities Last Update : 27 June 2025 1:31 PM Number of Views: 22 | Item Owner : auctionplugin Contact Email: (None) Contact Phone: (None) |
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2025-07-27 (0.223 sec)