Auction Help - About Absentee Bidding

About Absentee Bidding

Keywords

  • Maximum Bid = the highest amount you are willing to pay for an item.
  • Minimum Bid = Current Price + Bid Increment.
  • Current Price = the price by which the auctioned item will currently be sold.
  • Bid Increment = the lowest amount by which a new bid must exceed the Current Price.
  • Bidding Status = your current standing in the auction.
  • Sold For = the Current Price + domestic consumption tax (may not be shown for international customers as this tax is not added).

*Your Maximum Bid will not be visible to other bidders.

*If a bid is placed within the last 5 minutes of the auction, the auction time will be extended by 5 minutes (up to a maximum of 2 hours).

*You can only bid in multiples of the Bid Increment. Also, your bid cannot be of a lower value than the Bid Increment. E.g, if the Bid Increment is "1,000 yen", bids such as "500 yen" (lower than the Bid Increment) or "1,010 yen" (not a multiple of the Bid Increment) will not be accepted. Acceptable bids will be "1,000 yen", "2,000 yen" and so on.

*If no one makes a bid higher than your Maximum Bid, you will be the highest bidder and the winner of the item. The price to pay for the item will be the Current Price, usually lower than your Maximum Bid.

*If another bidder offers the same Maximum Bid, the first person to make that bid will be the highest bidder.

*If you raise your Maximum Bid and the Current Price increases but you are still not the highest bidder, it means that someone else set their Maximum Bid higher than yours.

*ALWAYS refer to your Bidding Status to know if "You are the highest bidder" or if "You have been outbid".

Example 1 - "I have not yet placed a bid."
Example 2 - "I placed a maximum bid of 4,300. I'm currently the highest bidder."
Example 3 - "I placed a maximum bid of 4,200, but I was outbid shortly after."
Example 4 - "I placed a maximum bid of 1,900 yen. The current price is 1,900 yen too, but I am NOT the winning bidder because the current winning bidder has a higher maximum bid."
Example 5 - "My maximum bid is 2,000 yen. I am the highest bidder. The current price is 1,900 yen. If no one else bids, I will win the auction and pay 1,900 yen."
Example 6 - "I can see my current status on My Page. I am winning two auctions, but I am not winning one auction."

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