What is a Max Bid?

What is a Max Bid?

All bids placed are in the max bid format. A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded. Bids are automatically placed on your behalf against other bidders until your maximum amount is reached.  

Examples: 

  • Starting bid price for an item is $2.00. Bidder 55555 places a $100.00 bid. No other bids are received and the auction closes. Bidder 55555 will remain the high bidder at $2.00 and the rest of his max bid will be unused.  
  • Starting bid price for an item is $2.00. Bidder 55555 places a $100.00 bid and becomes the high bidder at $2.00. Bidder 66666 places a bid of $50.00 and is notified "Bid Received; Higher Bid Exists." The software will automatically place a bid for Bidder 55555 for $51.00 (assuming the current bid increment is $1.00) so that they will remain the high bidder.  
  • Starting bid price for an item is $2.00. Bidder 55555 places a $100.00 bid and becomes the high bidder at $2.00. Bidder 66666 places a bid of $110.00 and becomes the high bidder at $101.00 (bidder 55555's max bid + the current bid increment). 

All bids must contain a decimal point preceded by at least one digit and be followed by two digits. eg: 2.55 (no dollar signs or comma separators).


    • Related Articles

    • Where did my bid go? (Max Bid)

      All bids placed are in the max bid format. A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded.   Bids are automatically placed on your behalf against ...

    • Important: Before you Bid

      Equip-Bid 101 It's simple! You bid. You win. You pick up and pay during the auction removal date.   Winning bidders are responsible for prompt payment and removal during the specified removal dates (see below).  Failure to do so could result in ...

    • How was I outbid by less than the next required bid increment?

      Being outbid by less than a bid increment is definitely possible and, in fact, occurs frequently. To understand how this can happen, it’s important to remember the ‘Next Required Bid’ simply indicates the minimum amount of the next bid. As long as ...

    • EQUIP-BID Overview

      What is Equip-Bid?   Equip-Bid is an online auction venue that publishes online auctions for a large number of independent auction companies (affiliates) on our website, Equip-Bid.com.   How do the auctions work?   Auctions on Equip-Bid are timed ...

    • Registering to Bid

      How do I register or log in? Registration on Equip-Bid.com is free and easy. You must become a registered bidder before you can place a bid. The login link is located in the upper right corner of the website. You may log in using either your bidder ...