When a bidder places a highest bid amount that is more than one increment above the current auction, then the auction system accepts this bid as a Proxy Bid. This means that only that portion of the bid necessary to establish this bidder as the leader is placed in the auction. The remainder will be bid later automatically if necessary by the auction proxy service. So, if there is an outstanding proxy bid and it is higher than your submitted bid, then the system will automatically place a bid on behalf of that user immediately after your bid is processed. The actual value of a proxy bid is only revealed in an auction once the auction price exceeds that level. Up to that point, the proxy bid will show only the amount necessary to maintain the lead.
Articles in this section
- Why am I sometimes outbid almost immediately after I submit my bid?
- How do I bid on a domain?
- Which time zone does Pool.com use?
- How does the auction system work?
- What constitutes a valid bid? What are the bid increments?
- How do I know if I am winning or if I won an auction?
- What is Proxy Bidding?
- Can I retract or cancel an unwanted Maximum Bid?
- Will other people know I am bidding on the same domain as them?
- Where can I view the status and/or history of an auction?