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Originally Posted by Turboface
It's called 'proxy bidding'.
When you make a bid, you put in your maximum amount that you want to pay. Your bid will jump up automatically, to outbid other bids, up until you hit your max bid.
It's just like how eBay is.

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how is this a beneficial feature to the prospective buyer, when it blows it's load, so to speak, within a minute and without needing to outbid anyone? seriously, why not just place the max bid intially, and save a minute of useless interaction from the proxy bidding software?
edit: not 1 minute, but 6... yes I can count, lol