proxy bid

A proxy bid concerns itself with the workings of Ebay, and not AS. I'm sure Ebay has a help section that can clear this up. But in case you want the personal touch, I will stand aside, and let one of these kind people answer your query.

Its got something to do with setting a maximum bid amount that you want to spend; everyone does this. Then Ebay automatically increments your bids for you in the event someone outbids you. I think the idea was to prevent people from having to sit at their computers all day.

Now it works such that the person who wins the auction is the person who is willing to pay the most.

*I think*

     

'Proxy bidding' is the name eBay give to their bidding system. Unless you are bidding in a 'dutch auction' you are placing a proxy bid anytime you bid on eBay.

I wasn't sure from the original question if you weren't clear how it works (if so http://pages.ebay.co.uk/help/buy/proxy-bidding.html describes it pretty well) or just didn't realise that it was the name for a bog standard eBay bid.

Thanks, guys. I get it now.

No, not correct!

quote:

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Proxy Bidding




Enter your maximum, then sit back and watch!

eBay uses a helpful bidding system (called proxy bidding) to make bidding on auctions more convenient and less time-consuming for buyers.

Here's how it works:
When you place a bid, you enter the maximum amount you'd be willing to pay for the item. Your maximum amount is kept confidential from other bidders and the seller.
The eBay system compares your bid to those of the other bidders.
The system places bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position (or to meet the reserve price). The system will bid up to your maximum amount.
If another bidder has a higher maximum, you'll be outbid. BUT, if no other bidder has a higher maximum, you win the item. And you could pay significantly less than your maximum price!

This means you don't have to keep coming back to re-bid every time another bid is placed.

Note: This bidding system does not apply to Multiple Item Auctions (Dutch Auctions).

Note: In Reserve Price Auctions, if your maximum bid is the first to be greater than the seller's reserve price, the eBay system will automatically jump the price up to meet the reserve, and bidding will continue from there

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If you just enter the next increment such as the item is now at 1.00 and you enter a bid of 1.25, that is just a bid, not a proxy bid!

Puppy, proxy bid is not just a name for bidding on ebay, but has a certain purpose.

All bids are proxy bids. If you enter the next increment, it's just that you are already at your max.

I guess it's how you look at it.

quote:

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Originally posted by puppy_raiser:
All bids are proxy bids.

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That's true, as long as you bid at least one increment over the current high bidder's high bid. "Proxy" is to act for another, and unless you have that extra increment, there's nothing for ebay to act on for you.

A proxy is an authority to act as an agent in your behalf. If, you place it yourself, then there is no proxy or agent in your behalf.

OK OK... You win.

The proxy is ebay moving your bid to the next increment.

Rick, go up and read the quote and don't read things into it.

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Originally posted by Mrs.M:
Rick, go up and read the quote and don't read things into it.

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Huh?

Rick, do you need to go to time out again????

The bid is what you are going to pay. The "proxy" bid is what you are willing to pay. There can be a difference between the two. ebay will increment for you, as your agent, against your proxy bid.

I'm in half-time. I'm answering twice as fast as I normally would.

Mrs. M,

Your new sig pics seem to be acting funny. They x out, and I'm getting a window from Village Photo?

I reloaded a minute ago. It keeps popping up a screen that asks for my password!

Weird. I was getting a window when I posted. Blue moon!


P.S. Didn't get a window on this post.

No, it seems to have corrected itself!

quote:

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Originally posted by Mrs.M:
Enter your maximum, then sit back and watch!

This means you don't have to keep coming back to re-bid every time another bid is placed.

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Thats what I said. Except I knew someone would come up with the official version, and I was too lazy to go looking for it.

Well done Snipers. Another problem solved.