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

World Banknotes, Mixed Lot of Banknotes of Various Grades. Poor To Fine Grade
BDT 120
1 Bid
3 Days 20+ Hours Left
View ProductCoins

Lebanon (French Colony) 10 Girush / Piastres 1929, Silver (.680) Wt 2 G Dia 17 mm
BDT 680
20 Hours 32+ Minutes Left
View Product
Ceylon (British) 1 Stiver- George Lll 1815, Copper Dia 28.04mm
BDT 3800
2 Days 20+ Hours Left
View Product
British Virgin Islands 1975 Proof Clubs, 1 Cent- 50 Cents, A Total of 5 UNC Proof Coins
BDT 2800
3 Days 20+ Hours Left
View Product
Canada 1 Cent - Elizabeth II 1957 - Bronze Coin - Dia 19.05 mm
BDT 40
3 Days 20+ Hours Left
View Product
Australia : Rugby World Cup - 2 Dollars Coloured Coin in Wallabies Official Mint Folder 2019
BDT 680
4 Days 20+ Hours Left
Buy It Now
Russia 5 Kopecks - Nikolai II 1903 - Silver (.500) Coin - Wt 0.9 G - Dia 15.1 mm
BDT 480
5 Days 20+ Hours Left
View ProductStamps

Australia : Love To Celebrate - $1 Cake Stamps Used 2016
BDT 10
1 Bid
20 Hours 30+ Minutes Left
View Product
Australia : Australian Fauna - Wombats Stamps Used 2019
BDT 10
1 Bid
20 Hours 30+ Minutes Left
View Product
Australia : Australian Fauna - Koala Stamps Used 2019
BDT 10
1 Bid
20 Hours 30+ Minutes Left
View Product
India (British) King George V - ½ Anna Overprinted "Patiala State - Service", Used
BDT 10
1 Bid
20 Hours 30+ Minutes Left
View Product
India (British) King George V - ½ Anna Overprinted "Jind State - Service", Used
BDT 10
1 Bid
20 Hours 30+ Minutes Left
View Product
Australia : Australian Legends of Singles Tennis - $1 Ashley Cooper Stamps Used 2016
BDT 10
20 Hours 37+ Minutes Left
Buy It Now
Australia : Fair Dinkum Aussie Alphabet - $1 V Stamps Used 2016
BDT 10
20 Hours 37+ Minutes Left
Buy It Now
Australia : Love To Celebrate - $1 Ballons Stamps Used 2016
BDT 10
20 Hours 37+ Minutes Left
Buy It Now
Australia : Queen Elizabeth II $2.75 High Value Stamps Used 2016
BDT 40
20 Hours 37+ Minutes Left
Buy It Now
1969 Pakistan FDC 100th Anniversary of Ibn-Al-Haitham (Alhazen)
BDT 350
21 Hours 54+ Minutes Left
Buy It NowBooks

Philatelic Terms Illustrated Second Edition by Russell Bennett and James Watson (Color Copy)
BDT 1150
9 Hours 41+ Minutes Left
Buy It NowOther Products

Bangladesh Cricket World Cup 1999 & 2003 Official Jersey - Vintage Beauty - New
BDT 10000
6 Days 20+ Hours Left
View Product