Proxy bidding (iBidMANAGER) is also known as max bidding, automatic bidding or absentee bidding.
iBidMANAGER gives Buyers the option of entering their Maximum Bid amount on a particular unit and having the system place bids on their behalf, automatically. When competing bids are placed, iBidMANAGER will instantly bid on behalf of the Buyer, in increments of £10, keeping that Buyer on top until their Maximum Bid amount has been reached. If the Maximum Bid Amount has been reached before the unit is sold, iBidMANAGER will notify the Buyer (by SMS/ email) that their Maximum Bid amount has been reached. The Buyer may then choose to increase their Maximum Bid amount and keep bidding, or concede the unit, as desired.
Buyers can use iBidMANAGER to save time, as they don`t have to continually monitor an auction to stay on top. As well, iBidMANAGER makes it easy to bid on multiple units online, without having to be in front of a computer.