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A proxy bid is a bid placed on behalf of a bidder by the auction system. The bidder sets a maximum bid amount, and the system automatically increases their bid up to that maximum to maintain their position as the highest bidder.

https://getultimateauction.com/blog/what-is-a-proxy-bid/

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Published by staryouview123, 2024-05-29 12:44:53

What is a Proxy Bid?

A proxy bid is a bid placed on behalf of a bidder by the auction system. The bidder sets a maximum bid amount, and the system automatically increases their bid up to that maximum to maintain their position as the highest bidder.

https://getultimateauction.com/blog/what-is-a-proxy-bid/

Keywords: Proxy Bid

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