How Does Proxy Bidding Work ?
For example, a product has been offered at auction for sale at a starting price of 150 BDT.
If "Bidder A" places a bid of 800 BDT for the product, our system will start his bid at 150 BDT and bid up to 800 BDT automatically on his behalf.
★ When "Bidder B" visits the auction, he sees the current bid price as 150 BDT. If "Bidder B" decides to place a bid for 200 BDT, he will be outbid immediately by "Bidder A", and the new minimum bid will be 210 BDT. In order to outbid the "Bidder A", he would need to bid at least 801 BDT.
★ If "Bidder B" places a bid for 800 BDT, which matches "Bidder A"s maximum bid amount, then "Bidder A" would still be the high bidder, but the new minimum bid would be 810 BDT.
★ If no one else place any bid except "Bidder A", then "Bidder A" will win this auction at 150 BDT.
By how much will my bid be increased when proxy bidding in a auction ?
The amount by which your bid is increased will depend on the current price. As the current price goes up, so will the amount of your bid. Automatic bidding will stop when your max proxy bid is reached.
Current Price | Bid Increment |
---|---|
1 BDT - 1,000 BDT | 10 BDT |
1,001 BDT - 5,000 BDT | 50 BDT |
5,001 BDT - 10,000 BDT | 100 BDT |
10,001+ BDT | 200 BDT |
Banknotes
Bangladesh : Muhammad Tariq 2 Taka Banknotes 2008 - UNC Condition - Consecutive Number Pair
BDT 20
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4 Hours 2+ Minutes Left
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BDT 40
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View ProductBangladesh : Zakir Ahmed Khan 2 Taka Banknotes 2004 - UNC Condition - Consecutive Number Pair
BDT 20
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View ProductBangladesh : Nasimuddin Ahmed 1 Taka Banknotes 1993 - UNC Condition - Consecutive Number Pair
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View ProductStraits Settelment 1 Dollar - King George V - FINE/VF Condition 1935 - P16
BDT 7400
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Buy It NowMacau (Portuguese Administration) 1 Pataca 1905, P 1a, Fine Condition
BDT 65000
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View ProductMalta 2 Shillings-K G VI 1942, P 17c- Malaya Watermark, FINE/VF Condition
BDT 1850
11 Bids
3 Days 4+ Hours Left
View ProductChina (WW2 Japanese Occupation) 100 Yen 1945, P M30, XF Condition
BDT 480
1 Bid
4 Days 4+ Hours Left
View ProductCoins
India (British) 2 Annas - George V 1919 - Copper-Nickel Coin - Dia 25.3 mm
BDT 180
4 Hours 1+ Minute Left
View ProductIreland 10 Pence 1978 - Copper-Nickel Coin - Dia 28.5 mm
BDT 60
1 Bid
4 Hours 1+ Minute Left
View ProductHong Kong (China) 1 Dollar 1997 - Copper-Nickel Coin - Dia 25.5 mm
BDT 30
1 Bid
4 Hours 1+ Minute Left
View ProductFiji 2 Cents - Elizabeth II 1969 - Bronze Coin - Dia 21.08 mm
BDT 30
1 Bid
1 Day 4+ Hours Left
View ProductPoland 10 Złotych - 700th Anniversary of Warsaw 1965 - Copper-Nickel Coin - Dia 31 mm
BDT 380
1 Day 4+ Hours Left
View ProductAustralia 1 Cent - Elizabeth II 1990 - Bronze Coin - Dia 17.53 mm
BDT 40
2 Days 4+ Hours Left
View ProductNetherlands East Indies 1 Cent - Wilhelmina 1942 - Bronze Hole Coin - Dia 23.5 mm
BDT 120
1 Bid
2 Days 4+ Hours Left
View ProductFrance 5 Francs 1971 - Nickel Plated Copper-Nickel Coin - Dia 29 mm
BDT 60
2 Days 4+ Hours Left
View ProductRussia 2 Roubles - Straight "ДВА РУБЛЯ" Under Eagle 1997 - Nickel Brass Coin - Dia 23 mm
BDT 80
3 Days 4+ Hours Left
View ProductStamps
British Antarctic Territory - 1973 -1981 Antarctic Researchers with Their Ships or Airplanes, 4v MNH
BDT 100
1 Bid
2 Hours 45+ Minutes Left
View ProductFalkland Islands Dependencies - 1982 The 21st Anniversary of The Birth of Hrh The Princess of Wales Diana, 3v MNH
BDT 60
1 Bid
2 Hours 48+ Minutes Left
View ProductUSA - 1974 Universal Postal Union Issue, 8v MNH Gum Washout
BDT 100
3 Hours 5+ Minutes Left
View ProductFaroe Island - 1976 Introduction of The Financially Independent Postverk Føroyar, FDC
BDT 90
3 Hours 9+ Minutes Left
View ProductNederlands New Guinea - 1962 South Pacific Conference Pago - Pago, 2v MNH
BDT 50
1 Bid
3 Hours 11+ Minutes Left
View ProductBooks
Farewell To Bradman by Bradman Museum, Australia 2001, Hardcover, A4 Size, 272+ Pages
BDT 5171
24 Bids
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View ProductOther Products
PNC: Australia 2021 on Supercars 2008 Bf Falcon with 50 Cents Colored.Coin, Fv $24.95
BDT 1950
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View ProductBangladesh Cricket World Cup 1999 & 2003 Official Jersey - Vintage Beauty - New
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