Without Proxy Bidding below Reserve Price

This page describes how the bidding will transpire with Proxy Bidding Below Reserve Price turned off.

"Proxy Bidding Below Reserve Price" can be turned on from the Admin Control Panel > Listings > Auction page.

Proxy Bidding Below Reserve Price Scenario

This scenario explores how an auction listing with Proxy Bidding Below Reserve Price disabled would turn out.

Proxy Bidding Below Reserve Price allows the system to bid only as much as necessary to make sure that the user remains the high bidder while the Reserve Price has not yet been met. In this case, the Reserve Price can trigger a proxy bid for a high enough amount to meet the reserve, which ensures there is a winner, if possible, in single-bidder situations.

In this example the proxy bidding does not begin until the bidders have reached the Reserve Price:

1. Admin creates a listing with a starting price of $100.00 and a reserve price of $130.00.
2. AuctionBob starts the bidding with $111.00
3. BidderBill sees the price is very low at $116.00 and bids $120.00
4. AuctionBob notices that he has been out bid and bids again for $129.00
5. BidderBill sees that he was out bid and bids the minimum, $134.00
6. AuctionBob notices that he has been out bid again and bids $150.00
7. BidderBill sees that he was out bid and bids the minimum, $144.00
8. AuctionBob is currently winning the listing for $149.00