![]() Once your maximum bid is reached, you receive an outbid notification by email.If someone should come by and decide to bid £120, then they would get an immediate outbid notice because the proxy system automatically outbid the new bidder.and so on until the new bidder gives up or places a maximum bid which outstrips your £150.The highest bid then falls to you at £105, as you have passed my maximum bid (I’m now out of the running until I place a new maximum bid). I am still the high bidder at £100 and will remain so until you or someone else surpasses my initial maximum bid. You rebid £40 and the same thing happens.So you see an outbid notice, and the bid goes up to £30, with me as the high bidder.Why? Because the proxy system has my £100 maximum bid to execute while keeping the bid at the lowest possible amount. You enter the bid and then you get an immediate outbid notice. Now you come along and see that the current minimum bid is £25 and you decide to bid £30.The proxy server executes this bid, and as there are no other bids yet (mine is the first), the bid is on me for £20. I come along and submit a maximum bid of £100. ![]()
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