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What is proxy bidding?

Proxy bidding is a tool offered by Sedo to make bidding on domains in auction easier and less time-consuming for buyers.
You enter the maximum amount you wish to bid on a domain which is in auction. Sedo will automatically place a bid on your behalf for the lowest amount possible after the reserve price has been met up to your maximum bid using an incremental bidding system.  This allows you to remain the highest bidder for the auction until your maximum has been reached and your proxy bid will remain confidential.

 
  1.  Log in to your Sedo account
  2. You enter the maximum amount you wish to bid on a domain which is in auction.
  3. Search for the domain you wish to bid on from the list of domains which are in auction
  4. Click on the domain name and enter the maximum price you are willing to bid for the domain in the field "Your maximum bid". 
  5. Click on "Submit Bid". 

If you are the highest bidder when the auction closes, you are the winner. When you win the auction using proxy bidding, you pay only the lowest possible winning bid, which may not necessarily be your maximum bid.

Please note: When proxy bidding is used it may appear as if one bidder has outbid another with the exact same amount.

For example: Bidder 1 has set a maximum proxy bid of 500 EUR and bidder 2 places a bid that matches that amount. As bidder 1 placed his/her bid earlier, it has prority and will be the current highest bid. Bidder 2 must then place a new, higher bid of ≥550 EUR to continue in the auction. This rule applies to any auction with two or more participants.

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