how to bid
Ready to bid? Here’s how it works.
Place Your Bid
Once you have logged into Advantageauction.co, you may place a bid from an individual lot on the catalog or lot detail page. Multiple-lot bidding within an auction is available on the catalog page.
Verify Your Bid
Before your bid is finalized, you will be prompted to confirm your bid amount.
Depending on the auction company, the buttons may be phrased differently. For example: Max Bid, this will allow you to enter your max bid and the system will continue to bid for you by increments until it reaches your max bid. ForceBid/JumpBid is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150 when the next accepted bid is $125). This practice is used by some bidders to discourage others from bidding in hopes of acquiring an item at a lower price. There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The auction company will not lower the price of an item that has been won by a “forced” bid with no other competing bids.
If the Ultimate Choice Bidding Platform is being utilized there is no max bidding feature. Once you have clicked on the lot or combination of lots and click get price you then have two options. You can simply click submit bid to enter the bid at the amount displayed or you can enter a higher bid in the space provided. Your bid will be implemented at this amount. This is not max bidding, so the bid will be placed at the exact amount you enter.
Once your bid has been submitted, your bid becomes a legally binding offer to purchase the item(s) or property being auctioned.
Keep Track of Your Bids
You will receive an email notification if you have been outbid (if elected, you can also receive a text notification). Notifications can be configured from your Profile Settings page.