How do I bid at a timed online auction?
Each lot can be bid on for the time period displayed. During this period, you can place your bid at any time. Simply enter the highest amount you are prepared to pay as your ‘maximum bid’.
BidSpotter.com bids on your behalf up to your ‘maximum bid’. BidSpotter.com will only bid as much as necessary to make sure you meet the reserve price or that you remain in the lead up to your ‘maximum bid’. We’ll notify you by email if another bidder places a bid that is higher than your ‘maximum bid’.
Your ‘current bid’ is clearly displayed when you log in and view the lot for which you’ve left a ‘maximum bid’. In many cases your ‘current bid’ is lower than the ‘maximum bid’ you entered.
If you have the leading bid and you have met or exceeded the reserve price when the defined time period ends, you will have won the bidding for this lot. Please remember, bidding online is a contractual commitment to buy.
In a timed online auction, can the end time of a lot change?
Timed online auctions on BidSpotter.com have an auto extension facility. If a bid is placed in the last 10 minutes of the defined timed period, the time remaining on that lot automatically extends to 10 minutes. The defined time period extends to 10 minutes for any bid received thereafter.