TESTING LOT: Automatic Online Bidding Explained
What is Automatic Bidding?
Automatic bidding is the easiest way to bid on an auction-style listing. Simply enter the highest price you’re willing to pay for an item, and we’ll do the rest.
Once you set up automatic bidding, you can stay ahead of the competition for an item without needing to be on the Forster Gallery website.
How to set up automatic bidding
When you’re ready to bid on an auction listing, enter the maximum amount you’d like to pay for the item and select ‘Submit Bid’. We’ll then bid in increments on your behalf – enough to keep you in the lead, but only up to your limit.
We’ll let you know if someone outbids you and you can decide if you want to increase your maximum bid.
Keep in mind when you’re deciding on the maximum amount you’d like to pay that you’ll need to pay a buyers’ premium of 15% +
3%VAT, and a small surcharge if you pay with a card, on top of the hammer price and any shipping costs.
Bidding on items can be exciting, but it is a contractual obligation. When you’re deciding on your maximum bid, be sure you’re happy to pay that amount if you win the auction.
Why you’ve been outbid immediately
If you get outbid immediately after placing a bid, it’s likely another bidder is using automatic bidding, and has a maximum limit that’s higher than yours. You’ll need to increase your maximum limit in order to be the highest bidder.
When someone else places a bid, which is lower than the maximum bid, we’ll place a slightly higher bid on your behalf. The amount the bid increases by is known as a bid increment. Bid increments are smaller when the bid price is low, and larger in higher price brackets.
All credit and debit cards are subject to a 3% surcharge on the total invoice price.
Current price Bid increment
US$0.00 – US$499.99 US$10.00
US$500.00 – US$999.99 US$50.00
US$1,000.00 – US$9,999.99 US$100.00
US$10,000.00 and up US$500.00
Occasionally you’ll see bids increase by less. This is because someone else placed a bid just slightly higher than your automatic bid amount.
This LOT is for TESTING PURPOSES ONLY! No payment will be required from any bidder. Please familiarise yourself with the bidding process. If you have any problems or further questions please contact us at email@example.com
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