Knowledge Base Equip-Bid Most Asked Questions Bidder FAQ

            Where did my bid go? (Max Bid)

            All bids placed are in the max bid format.  A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded.  

            Bids are automatically placed on your behalf against other bidders until your maximum amount is reached.  

            Examples: 

            • Starting bid price for an item is $2.00.  Bidder 55555 places a $100.00 bid on an item and no other bids were received and the auction closes.  Bidder 55555 will remain the high bidder at $2.00 and the rest of his max bid will be unused.  
            • Starting bid price for an item is $2.00.  Bidder 55555 places a $100.00 bid on an item and becomes the high bidder at $2.00.  Bidder 66666 then places a bid of $50.00 and is notified "Bid Received; Higher Bid Exists."  Bidder 55555 will remain the high bidder at $52.00 (Assuming the minimum bid increment is at $2.00).  
            • Starting bid price for an item is $2.00.  Bidder 55555 places a $100.00 bid on an item and becomes the high bidder at $2.00.  Bidder 66666 then places a bid of $100.00 and is notified "Bid Received; Higher Bid Exists."  Bidder 55555 will remain the high bidder at $100.00 even though both bidders placed a Max Bid for the same amount.  The bidder who placed the earlier bid is always the winner when the max bid amounts are the same.
            Updated: 24 Apr 2018 11:28 AM
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