What is a maximum bid?

If you enter a bid amount higher than the next minimum bid, the amount you enter is treated as your “maximum bid”. Your maximum bid will only be executed as the lowest competitive price. If other competitive bids come in, our system will automatically bid to keep you as the highest bidder up to (but not exceeding) your maximum bid.

If two bidders attempt to enter the same maximum bid, the first bidder to enter that amount will be the winner.