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

Spain 25 Pesetas 1992 Torre Del Oro, Aluminium-Bronze, Dia 19.5 Mm, Seville Expo'92
BDT 299
17 Hours 26+ Minutes Left
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Spain 10 Pesetas - Juan Carlos I 1992, Copper-Nickel Dia 18.5 mm
BDT 99
17 Hours 26+ Minutes Left
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French West Africa 25 Francs Togo 1957, Aluminium Bronze, Dia 27 Mm, Single Year Issue
BDT 99
1 Bid
17 Hours 26+ Minutes Left
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Spain 50 Pesetas Casa Mila 1992, Copper-Nickel Dia 20.5 Mm, 1992 Summer Olympics Series
BDT 99
1 Day 17+ Hours Left
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Spain 200 Pesetas - Juan Carlos I 1988, Copper-Nickel Dia 22 mm
BDT 99
1 Day 17+ Hours Left
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Spain 25 Pesetas - Juan Carlos I Giralda 1992, Aluminium-Bronze, Dia 19.5 Mm, Seville Expo'92
BDT 299
1 Day 17+ Hours Left
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Spain 25 Pesetas Discus Throw 1991, Aluminium-Bronze, Dia 19.5 Mm, Barcelona 92 Olympic Series
BDT 299
1 Bid
2 Days 17+ Hours Left
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Spain 25 Pesetas High Jump 1991, Aluminium-Bronze, Dia 19.5 Mm, Barcelona 92 Olympic Series
BDT 299
1 Bid
3 Days 17+ Hours Left
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Western African States 50 Francs FAO 1972 Copper-Nickel Dia 22 mm
BDT 99
1 Bid
4 Days 17+ Hours Left
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Other Products

2x Bangladesh Cricket World Cup 1999 & 2003 Official Jersey - Vintage Beauty - New
BDT 10000
8 Days 5+ Hours Left
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