Bidding Bot? No - Proxy Bidding System - Please read

[Wynthyst]

For everyone that is confused by the proxy bidding system on GWG Auctions, here is a brief explanation of how it works.

When you find an item you wish to bid on, you have the choice of placing just the minimum bid, or placing a proxy bid.

A proxy bid is the highest amount that you are willing to pay for an item. The system compares the current minimum bid with your proxy bid, and uses the next highest increment that will place you in the winning position. You don't have to pay the highest amount you bid, only as high as it takes to keep you in the winning position.

If a previous bidder has placed a proxy bid on an item, the system compares your bid with theirs, and takes whatever is the highest. This is NOT a bidding bot. The new bid will appear instantaneously in the bid history.

Any proxy bid that is placed has the potential to reach the maximum amount bid if there is another bidder willing to also pay that amount. So please, only bid the maximum that you are actually willing to pay. There will be no negotiations with the seller for a lower price because of the proxy bidding system, and bidders refusing to honor proxy bids face negative feedback and or reports of abuse that can result in the suspension of their auction privileges.