What is a Maximum Bid?

A Maximum Bid is the maximum price you may want to pay for an item. Maximum bids are not disclosed. The system will bid on your behalf automatically until either your maximum is reached, or the item is sold. Placing a maximum bid does not necessarily mean that you will pay that maximum price. The online system will advance up to your maximum bid only when a bidder has placed a bid against your hidden maximum bid amount or higher than your maximum bid. The bidding will proceed in the bid increments that were established for that lot.