A: This is our most frequently asked question. It is fairly simple to answer, but
does require some explanation.
The Maximum Bid feature is a tool for the buyer. It allows the buyer to enter an
amount, above and beyond their initial bid, that represents the highest dollar amount
they are willing to pay for an item. If at any point during the auction they are
outbid on an item, the system will automatically increase their bid by the appropriate
Bidding Increment ($1, $5, $10, etc) as needed, up to the Maximum Bid amount. This
allows the buyer to place a bid and a maximum and walk away from the process knowing
the system will automatically purchase that item at the lowest price possible, never
exceeding the Maximum Bid.
For example, let's assume that you enter a bid of $100 and a Maximum bid of $400.
If no other bids are placed, you will be the winner at your $100 bid. If another
bidder places a bid of $200, you will now be winning at $200 plus 1 increment level
(for example: $200 + $10 = $210). The system will continue to monitor and bid on
your behalf until the auction concludes or your Maximum Bid has been exceeded.