First time using this site - if there is an item for bid and I want to bid on it and enter my maximum bid, will that be my actual bid or can I win the item at a lower amount?

For example, if the most I want to pay is $500.00 and the live item is bid up to $300. Would I get it for $301 or?

asked by Vivian C. on 9/29/15

3 Answers
Thumbnail of user robinf13

You can end up winning the item anywhere between your initial bid and your high bid. Very often we see the pre-bids are outbid, especially if there is a live onsite crowd. Best advice is to put only the amount you feel good about paying and not a dollar more. When you can, participate live. Not only is it fun, but you can enter your bids as the increments go up. Always be sure your computer is working, close things you do not need running in the background. Also, keep in mind if your max bid is 500, someone onsite might win it for 500-dollars and you are outbid, even though the dollar amount is the same. This happens when you are the highest bidder at 475 and the last bidder happens to be someone in the crowd at 500-dollars. In those cases, it might be good for the person running the Proxibid application to know that you are a max bidder for 500 as well, so they can fight to get your bid in first, before an onsite ringer beats you to it. At that point the onsite bidder has to outbid you for 525, if that is what the increment still is. When you are live online it's really a lot of fun and probably makes much more sense, especially when there is audio, what is going on and why you might be paying your max. If you ever feel treated unfairly as an online bidder, contact Proxibid and also contact the auctioneer for whatever company you are using and ask how you ended up at your max. Hope this helps! Proxibid is supposed to be a fun, easy and enjoyable experience.

Helpful  (1)
Thumbnail of user arnoldh24

For all items that I have purchased through Prixibid, I have had to pay my maximum bid whatever the bid was at the site itself. Like I said; I am sure the Proxibid representative is telling the auctioneer what my maximum bid is.

Helpful  (1)
Thumbnail of user mullisf

If the highest floor bid was $300, your winning bid would be $300 + whatever the bid increment is as set by that particular auction house. So if the bid increment was $25, your winning bid would be $325 plus all of the fees and shipping which would add another 15 to 50 % over your $325.

Helpful  (1)

Add your answer

Ask a question

Get answers from the Proxibid staff and other customers.

Have a question about
Proxibid?
Post Review