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
Coins

Netherlands East Indies 1 Duit - Louis Bonaparte 1810 - Copper Coin - Dia 23 mm
BDT 1850
18 Hours 35+ Minutes Left
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Swaziland 10 Cents - Sobhuza II FAO 1975 Copper-Nickel Dia 22 mm
BDT 199
1 Bid
3 Days 18+ Hours Left
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Netherlands 1 Cent 1943, German Occupation Coinage, Zinc, 17 mm
BDT 99
2 Bids
4 Days 18+ Hours Left
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The Gambia 8 Shillings - Elizabeth II 1970 Copper-Nickel Dia 41 mm
BDT 3200
7 Days 18+ Hours Left
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Spain 10 Pesetas - Juan Carlos I 1992, Copper-Nickel Dia 18.5 mm
BDT 99
8 Days 18+ Hours Left
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Australia 1987 Animals Pre-Stamped Firstday Cancelled 5pcs Envelopes
BDT 300
18 Hours 29+ Minutes Left
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Australia 1982 Flowers Pre-Stamped Firstday Cancelled 5pcs Envelopes (049-053)
BDT 300
18 Hours 29+ Minutes Left
View ProductOther Products

Real Photograph Cigarette Card : W.D. & H.O. Wills Cricket Season 1928-29 - A. P. F Chapman
BDT 280
1 Bid
1 Day 18+ Hours Left
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Australian Cricketers Cigarette Card 1905-06 B. F. Cowan - West Adelaide
BDT 180
1 Bid
1 Day 18+ Hours Left
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Cricket - Wills Cigarette Cards : Cricketers - E. A. Macdonald, Lancashire 1928
BDT 120
1 Bid
1 Day 18+ Hours Left
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