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

Indonesia 100 Rupiah 1968 FINE/VF Condition, Interesting Sn 033066
BDT 100
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Pakistan 1 Rupee Signed by Hafiz Abdul Majid (S6. 1 November 1958 To 19 June 1961) F/VF Condition
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View ProductCoins

Australia 2 Dollars 2021 Indigenous Military Service, 'C' Mintmark Colored Coin in Mint Folder
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Egypt (Kingdom) 5 Milliemes - Fuad Right 1924 Copper-Nickel Dia 21 mm
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Philippines 1 Piso 1998 - Copper-Nickel Coin - Km# 269 - Dia 24mm
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BDT 180
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BDT 30
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Philippines 5 Piso 2001 - Nickel Brass Coin - Km# 272 - Dia 27mm
BDT 30
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BDT 40
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India - British 1 Anna - Edward VII 1909 Copper-Nickel, Dia 20.5 mm
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View ProductStamps

Algeria 1995 Traditional Pottery Stripe of 3 on Cover Mailed To Bangladesh 1998
BDT 100
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BDT 580
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Bangladesh 2021 Souvenir Sheet Demanding Bangla As A State Language S/S MNH
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BDT 80
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BDT 220
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