Even when Sellers don’t counter bid on these vehicles, the high bid on an offer remains open to acceptance by the Seller until 6 p.m. Compete against other Members to become the high bidder, and if your bid is the highest when the circular, dynamic countdown timer stops, you win the sale of the vehicle.Īt this point, Sellers who have placed a minimum bid or declared the vehicle Sold on Approval can directly counter bid the high bidder after the sale ends. Live Biddingįrom the Live Auctions menu, click on Join Auctions and bid from your computer by selecting from one of the automatic increment options or choosing your own bid amount (Monster Bid). Pre-bidding is open to all Members who meet minimum deposit requirements. Note that when there is a tie between pre-bid and live bid amounts, the virtual (live) bidder prevails as the highest bidder on the item. Your pre-bid will be represented during the live auction and could be the winning bid if no other bidder submits a higher bid during either the pre-bid phase or the live auction. When you pre-bid, you place an incremental value bid on the vehicle prior to the sale. In you can place preliminary bids, or pre-bids, prior to and during the live auction, as late as two minutes or two units before the vehicle appears on the block. The bidding process is strictly done online, and is divided in two parts: Preliminary Bidding and Live Bidding.

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