What is Dynamic/Popcorn Bidding?
NOTE: Popcorn or Dynamic Bidding is Activated For This Auction
Our online auctions feature dynamic bidding, also known as “Popcorn Bidding." If a bid is made within 9 minutes and 59 seconds of the auction's scheduled closing time, Popcorn Bidding automatically extends the scheduled closing time for the auction of that particular item for another 10 minutes after the bid is made. Each subsequent bid resets the clock to allow bids to be made for another 10 minutes. Once there has been no bidding activity for 10 minutes, the bidding is considered completed and no further bidding is accepted. The auction for the item is closed. As always, the person who placed the highest bid wins the item.
Popcorn bidding prevents a practice known as "sniping," where bidders place a bid in the last seconds before an auction closes, thus preventing other bidders from responding with a higher bid. Auctions which employ Popcorn Bidding mimic traditional "live" auctions.
As always, if there is a specific item you really want, it is in your best interest to monitor the auction during the last few minutes and to offer the highest Auto Bid amount that you are willing to spend.
What is an Auto Bid?Auto Bidding is an option for all of our online auctions. Autobid takes advantage of the computer in the online auction environment. By entering the maximum amount you are willing to spend as your Autobid amount, our software will automatically place a bid for you up to, and including, your maximum amount as competing bidders bid more than the current bid and less than your Autobid. The system will bid up to and including the Auto Bid amount as the competitive bidding proceeds.It will not block someone who places a Regular Bid at the same amount as your maximum Autobid amount. So keep an eye on the auction at closing to make sure you are not out bid. Autobid does not prevent you from being outbid. You can be outbid using Autobid if another bidder places a Regular bid that is the same amount of your Autobid maximum amount. Or if another bidder places an Autobid greater than your Autobid.