|Internet Bidding Procedure
Absentee bidding is the method of placing bids on auction items prior to the
start of the auction. This allows buyers a method to bid on auction items when
they are unable to attend the auction. Your bid will be used to place bids for
items on your behalf even though you are not there.
Internet only Bidding
Internet only bidding is similar to absentee bidding with the exception that
there is no live auction. Your bid will be used to place bids for items on your
behalf against other bids.
Minimum Bid Types
In public bidding existing bids are used to determine the minimum next bid
which must be met or exceeded when placing a new bid.
In silent bidding existing bids are NOT used to determine the minimum next
bid. Existing bids have no effect on the minimum allowable bid when placing a
Bid Amount Types
In maximum bidding the bid amount you place represents the maximum
amount that you are willing to pay for this item. Your maximum bid will be
used to bid on your behalf until your maximum bid amount is reached.
Fixed / Flat Bidding
In fixed / flat bidding the bid amount you place represents the actual amount
that you are willing to pay for this item (not the maximum). Your fixed bid
amount will be used to bid on your behalf.
What if I'm not registered with Auction Flex-Proxibid-iCollector?
You must register with the service hosting the auction to leave Internet Bids.
What if I'm not registered for the auction?
Most auctioneers require you to register for the auction. If you have not
registered for the auction at the time you're placing a bid, Auction Flex will
walk you through the registration process automatically. You must register for
each auction to be able to bid.
Do I need to be approved to bid?
Yes. The Auctioneer can approve or reject your signup for their auctions at
their discretion. Being rejected from bidding on one auction does not
necessarily mean that you will be rejected from signing up for other auctions.
The time it takes to approve you for an auction depends on the auctioneer.
Some auctions are setup to automatically approve bidders eliminating the need
for you to wait. Most sites will require a credit card to be allowed to bid.
What happens when I submit a bid for an auction that I'm not already
If the auction is using sealed bidding, then your bid is held in pending status
until the auctioneer reviews the bid and either accepts it or rejects it. The
auctioneer might contact you to arrange for a deposit, get payment
information, or just verify your information.
If the auction is using public bidding, then a request will be sent to the
auctioneer to approve you for that auction. Your bid has NOT been saved. Once
you are approved you will then need to go back to the website to place your bid.
To review the status of your current bids go to the Current Bids link from
buyer account maintenance.
How do I check on my bids?
Your bids can be viewed by logging into your account and clicking on the bids
link next to the appropriate auction.
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