Bids below the BidAsk spread


You can purchase an item at the Buy price at any time and the sale for that item has closed.
If you do not wish to pay the Buy price, you may also bid lower on any item.

The "BidAsk spread" defines the gap between the minimum acceptable Bid and the Buy price of the items.
Items that have received bids within the BidAsk Spread are sold to the highest bidder once the sale closes.

Bidding below the BidAsk spread.
You may also bid the minimum starting bid price or any amount below the BidAsk spread!

Labels are used to show the Buy-or-Bid status :

These are samples for an under BidAsk bid of $ 350 for an item listed at a BidAsk spread of $400-500

  • Your Bid: $350 Below Spread
    When your bid is below the BidAsk spread, sellers usually do not accept bids below the BidAsk spread. Increase your bid to be successful.
  • Your Bid: $350 High BidBelow Spread
    When your bid is below the BidAsk spread, and you are the high bid holder, the items only sell to you if the seller decides to accept your offer during or within 2 hours after the closing.
  • Your Bid: $350 High Bid I do not want this item
    When you have made a bid below the BidAsk spread, and the seller accepts such a bid, an email is sent to the bidder. The bidder can delete his initial bid by hitting the button "I do not want this item".
    Cancellation has to be made at the latest within 24 hours after the closing, or the item is automatically added to the invoice.
In short, your label has to stay green to be successful.


Deleting accepted bids after the closing
When the seller accepts a bid below the bid spread, the bidder immediately receives an email, and the bidder has up to 24 hours after the closing to cancel his initial bid.

  • Such an item is indicated with a label : I do not want this item
    When you want to keep your initial bid, there is nothing you need to do.
  • When you don't want the item anymore, you have to click on the "I don't want this item..." button and your initial bid is deleted.
Bid or Buy FAQ & Answers

A full list of frequently asked questions is here.

What is proxy bidding?
For bids entered within the BidAsk spread, we use the proxy-bidding process. Our system will act as your bidding agent by entering your bid competitively against other bidders.
  • You don’t have to worry about sitting at your computer to track the bidding process until the closing.
  • You can bid the maximum price you would be willing to pay for an item.
  • If no other bidders are on a lot, the winning bid is always reduced to the lowest amount shown in the BidAsk spread.
  • If another bid comes, the software will place a new bid following the bid increment every time someone else places a higher bid than you and will continue to do that until the sale ends. You win, or the price goes over your set maximum.
  • Proxy bidding takes the stress out of the bidding process; your maximum bid is always confidential, and you get the item at the lowest possible price.


My Buy-or-Bid Watch List
You can monitor the buying and bidding status in one convenient place: My Buy-or-Bid Watch List. Item Watch

Labels are used to show the Buy-or-Bid status :
These are samples for an item listed at a Buy price of $ 500 and a BidAsk spread of $400-500

  • Your Bid: $500 Sold to you
    When you pay the Buy price of $ 500, the item is immediately sold to you, and the sale for this item is closed.
  • Your Bid: $400 Accepted
    The BidAsk spread ($400-$500) shows the range between the minimal accepted price and the Buy price. When you place a bid within the spread, your bid is automatically accepted by the seller, but the items only sell to you if no higher bid is received or the Buy price is paid before the closing.
  • Your Bid: $350 High BidBelow Spread
    When your bid is below the BidAsk spread, and you are the high bid holder, the items only sell to you if the seller decides to accept your offer during or within 2 hours after the closing.
  • Your Bid: $50 Below Spread
    When your bid is below the BidAsk spread, sellers usually do not accept bids below the BidAsk spread. Increase your bid to be successful.
  • Your Bid: $450 Outbid
    When your bid has been outbid by another user, increase your bid to be successful.
  • Your Bid: $250 High Bid I do not want this item
    When you have made a bid below the BidAsk spread, and the seller accepts such a bid an email is sent to the bidder. The bidder can delete his initial bid by hitting the button "I do not want this item".
    Cancellation has to be made at the latest within 24 hours after the closing, or the item is automatically added to the invoice.
In short, your label has to stay green to be successful.


After the closing