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You can place Express Bids during the preview period of
a Live Auction. Express Bids allow you to be away from your computer during
the Live auctions. Like all bids, Express Bids are binding and cannot be retracted
nor reduced.
In our auctions you can submit the maximum amount you want to bid, but our system
will only bid the incremental amount on your behalf, to keep you ahead up to
your maximum bid. If the bidding stops before you have reached your maximum,
then you own the equipment for less then your maximum bid. No other bidders
will ever know what your maximum bid is. Automatic email notification will be
sent to you if your Express Bid gets outbid during the Live auction preview.
You can view or increase the maximum amount of your Express Bids at any time
in the Buying tab of My Account.
When you place an Express Bid, the price of an item does not change until the
auction opens. As soon as you place an Express Bid, you will be told if your
Express Bid is the highest. If competing Express Bids are placed for the same
price, the earliest bid takes precedence, so submitting your Express Bid early
gives you an advantage. You can place an Express Bid online any time day or
night, or by fax during our regular hours.
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