Your Ai Bidding Buddy: Proxy bidding is an automated system that helps you participate in Selling Lane auctions efficiently and fairly. It acts as your personal bidding assistant, ensuring you never pay more than necessary while keeping your maximum bid private.

Since Selling Lane never shares proxy bid amounts with sellers, buyers can use this feature with complete confidence.

How It Works

1. Set Your Maximum: Tell Selling Lane the highest amount you're willing to pay for an item.
2. Let the System Bid: The system automatically places bids on your behalf, increasing only when necessary to maintain your position as highest bidder.
3. Win at the Best Price: You only pay the minimum amount needed to win, even if your maximum was higher.

Real Example on Selling Lane:

• A vintage watch is listed on Selling Lane with a starting bid of $100
• You set your proxy bid maximum at $300
• Another bidder places a maximum bid of $150
• Selling Lane's system automatically bids $155 on your behalf
• You win the auction at $155, not your maximum of $300

This system ensures fair bidding while saving you time - no need to constantly monitor the auction. It's one of the many ways Selling Lane makes online auctions more convenient and transparent.

Proxy bidding is an automatic bidding system commonly used in auctions, including online auctions like those on Selling Lane. Here’s how it works:

1. Set Your Maximum Bid: You, as a bidder, enter the highest amount you're willing to pay for an item.
2. Automatic Bidding: The system places bids on your behalf, starting at the lowest possible amount and gradually increasing only enough to outbid others.
3. Stays Within Limit: It continues to bid automatically up to your maximum amount, but never more.

Example:

• You set a proxy bid of $500.
• Another bidder places $300.