We follow the same proxy rules as the world’s largest auction – eBay.
This is a little different than most car auction sites and is designed to address the annoying situation where an auction ends as a no-sale even though your proxy was high enough to meet the reserve.
To help illustrate how this works, let’s consider the following example:
- You place a proxy bid on a particular vehicle at $10,000.
- The auction ends at $9,000 with you as the high bidder.
- The reserve on the vehicle was set at $9,800.
- Your proxy bid is will be invoked to meet the reserve and you will WIN the car for $9,800.