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15150 25th Avenue North
Minneapolis, MN 55447
Phone: 763-745-1166
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| Bidding Types and Bidding Information |
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Here is an explanation of the types of Bidding and bidding settings that you will encounter on this site.
| Regular Bids |
A Regular Bid is a standard in auction bidding. The amount that you place into
this field will be the amount of the bid that you are making.
The nescessity of having to continually update your bid is a drawback to this
type of a bid.
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| Auto Bids |
The Auto Bid takes advantage of the computer in the On-Line auction environment. Using the Auto Bid feature you can place a bid at the maximum amount that you are willing to pay for an item, and let the software bid for you. You will then be free to go about your daily business. The Visual Auction© software that runs this auction site will automatically advance the bidding if someone bids more than the current bid and less than your Auto Bid. Example:You are willing to bid $5,000.00 for a certain item. The bidding is currently at $1,500.00. The minimum bidding increment is set at $100.00You place an AUTO BID of $5,000.00. A bid will automatically be placed for you at $1,600.00. When another bidder enters a bid of $1,700.00, the software will automatically enter your next bid at $1,800.00. This auto bidding will continue until competitive bids stop, or exceed your maximum Auto Bid. You will be notified by email if your maximum Auto Bid has been exceeded by another bidder. Auto Bids will also automatically advance the bidding to the level of the reserve or your maximum Auto bid. Whichever is lower.
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| Bidding on Items |
You should register before you start bidding on items. The bidding process that can be broken down into steps:
1. Click on the item you are interested in from within a category or in the featured auction list.
2. Scroll past the item description to the Bidding section.
3. Enter your User ID, Password, Quantity and Your Bid. (Select Regular or Auto Bid)
4. Click the Review Bid button and if everything is OK then submit your bid.
You will be notified by email of a successful bid, and also notified when you have been outbid. NOTIFICATION WILL OCCUR ONLY IF YOU CHECK THE CORRESPONDING BOXES WHEN REGISTERING. You can edit your user settings on your Personal Page.
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| Dynamic Auction Closing |
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Machinesused.com's Auction Site utilizes Dynamic Closing. Dynamic Bid Time is set by the Auctioneer when posting the auction item. Dynamic Bidding allows for bidding to continue beyond the posted end time of the auction. Bidding will be allowed to continue after the posted closing time, as long as there is successful bid activity within three minutes of the posted close. Bidding will then continue as long as there is a successful bid placed within three minutes of the last successful bid. After the posted auction closing time, if there has not been a successful bid for three minutes, the auction will automatically end. The high bidder will be notified as the winning bidder.
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