How much is 'minimum bid' with Auto-bid?

Hello Mike. It's a sliding scale, so it depends on the current bid value. If you scroll up a page from that autobid help file, you will see this..........

Great, thanks Callum, I hadn't seen that. 

Hi Callum,

I've got a question too about auto-bids for a certain scenario and I could't find an explanation in TM help area.

Here is a virtual scenario: 

In certainTM  auction the reserved price was reached ( e.g. $50). Then, I placed an auto-bid ($101) and started leading. Another person started biding and I was outbid ( his bid was $103). Then I set another auto-bid ($139). Others bidders continued bidding until the highest one , just as an example was $129. ( I guess I cannot see their bidding if they are bellow my Max Auto-bid  ). For this example only, the last bid   $129 was set and automatically the person was outbid. No more bids were registered and as a result  I won the auction.

Now here are my questions:

1. Does the bidder who placed $129 was able to see the maximum amount of my auto-bid or to guess in anyway from the response of the TM system.

1-A. What  information the bidder can get  in (1) during the live auction:  outbid ( if lesser then my maximum) of leading ( if greater of my auto-bid)

2. What will be the sold price for me to pay: $129 or my max auto-bid $139 or something else.

Thanks, Plamen

Hello Plamen.

1. No. The only thing the other bidder(s), seller, or anyone else looking at the auction will see is your winning bid amount ($130) Your max autobid amount of $139 is not shown to anyone else.

1-A Not sure I understand this question completely. But anyone else participating will only get a notification if they were leading and then outbid. So if you are leading and someone else bids, but doesn't go higher than your max autobid the price will increase. They will see this in the bidding on the auction. But no notifications are generated. You will only notice something has happened by looking at the auction and seeing the price increase and new bids being placed.

2. You will pay $130. The other bidder placed a bid of $129, but your autobid of $139 places the next possible lowest bid to win. That would be $130 in this example.

Kia Ora Plamen,

Just adding to Callum's good advice for you,

1-A. - If the bidder lower than you has turned on their email preferences to be emailed if they are Outbid they will receive that email - it won't show them your Maximum Auto-bid, only the next lowest bid increment placed above theirs. - The only way for anyone to see your Maximum Auto-bid is if they keep bidding until they have passed your Max Auto-bid and are then the Leading Bidder as there is no further Auto-bid increment placed from you.

- Cheers.

Thanks Callum and S,

your comment  helped me to understand the way it worked.

Regards

Plamen

How are you meant to have a chance at bidding when someone has an auto bid on every time

I bid?

Hello Rochelle. That's just how auctions work. The winner is the person willing to pay the most for the item. Using autobid you can enter the maximum you are prepared to pay for the item. If someone else is willing to pay more, they will be the winner. If your maximum bid is higher than them, you will be the winner.