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AS will bid $20, just as if you bid manually, BUT your final bid will only be as much as is needed to win the item.

If the item is currently $15 and no one else bids (bid increments of .25¢), you would win the auction for $15.25. If, say, I bid $17.50, then you would still win the auction, but for $17.75. In other words, AS will only bid as much as is necessary to win, up until your highest amount ($20). After that you would be outbid. Roll Eyes

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