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DeseretBook.com Auctions / Help / On Bidding Can anyone bid on an item? Anyone who is registered and is 18 or older can bid on an item. (Since bidding is a binding contract, you must be 18 or older in order to bid or sale at Auctions.DeseretBook.com, as per the User Agreement.) How do I bid? And what is proxy bidding? Simply go to the auction page for the specific item you are interested in bidding on. There will be a button at both the top and bottom of this screen that will take you to the "Enter Your Bid" page. The minimum that you will be able to bid is the current high bid, plus whatever bid increment is necessary in order to outbid it. Like other auction sites, we use proxy bidding. That means that when you bid, you indicate the maximum that you are willing to bid. Your maximum bid is not shown to other bidders. We keep that information on hand, and our proxy bidder automatically raises your bid as is necessary to keep you as the high bidder, until the maximum limit that you have set is reached. Proxy bidding not only allows a bidder to not bid more than he has to in order to remain the high bidder, but also frees the bidder from having to constantly sit in front of the computer, checking to see if he has been outbid. EXAMPLE: Sam is bidding on an out-of-print copy of "Who Am I?" by Alvin R. Dyer. The current high bid on this book is $10. Sam is willing to pay up to $40, if necessary, to buy this book. Sam types $40 dollars into the "Your Maximum Bid" field on the "Enter Your Bid" page. The proxy bidder now shows Sam as the high-bidder on the book, with a bid of $10.25 (previous high bid, plus the minimum bid increment of $.25). If someone were to now bid $15.00, Sam's bid would automatically be raised to $15.25, and so on, until Sam's maximum limit of $40.00 was met. At that point, if the bidding had gone higher than $40.00, Sam would need to enter a new maximum limit if he wishes to stay in the bidding. If you are bidding on an item where the reserve price has not yet been met, you will be informed as to whether or not your maximum bid has met the reserve price. If your maximum meets or exceeds the reserve price, your current bid is automatically proxy bid up to that reserve limit. EXAMPLE: Sam is bidding on the another out-of-print book, this time with a reserve price of $35. The current high bid is $25, and Sam enters a maximum bid of $50. His current bid is automatically set at $35, with the proxy bidder ready to raise that as needed until $50 has been met. What is a Reserve Price? A Reserve Price is the minimum price that a seller is willing to sell an item at. If a reserve price has been set for an item, there will be a message directly to the right of the Current High Bid on the auction page that says either, "Reserve Price not yet met", or "Reserve Price has been met". If you are bidding on an item where the reserve price has not yet been met, you will be informed as to whether or not your maximum bid has met the reserve price. If your maximum meets or exceeds the reserve price, your current bid is automatically proxy bid up to that reserve limit. In the event that an auction ends without the reserve price being met, neither the seller nor the buyer is obligated to complete the sell. What does the number to the right of a seller's name mean? That is a user's feedback rating. It is an indicator of the satisfaction level that other users have reported having with this person in the past. What do I need to know before bidding? While there is no specific information that you are required to know, it is always a good idea to: Read the Item Description carefully Contact the Seller to ask any questions that you might have regarding the item, before you place a bid View the feedback rating and comments that others have left about the seller. Familiarize yourself with the procedures and processes of Auctions.DeseretBook.com if you are new to the site Read the shipping and payment descriptions provided by the seller, in order to understand the arrangements that you are agreeing to Is it necessary to enter credit card information in order to bid on an item? No. Since the actual sell takes place between the high-bidder and the seller, and because only buyers do not pay fees, it is not necessary for Auctions.DeseretBook.com to have bidders' credit card information. What is the icon for? This means that the seller has elected to give the first bidder10% off of the final sale price, should he win the auction. This is a way for the seller to encourage people to bid early, and to give the first bidder added incentive to continue bidding. This offer is valid for the first bidder only. If another bidder wins the auction, then the full price is charged. What is the icon for? This is a Dutch Auction. That means that the seller is auctioning off more than one of identical items. In this case, the lowest winning bid is the price that all the winning bidders pay. EXAMPLE: Sam has a dutch auction for 4 copies of an out-of-print book. There are bids placed at $60, $55, $54, $25, $15, $12, and $7. Since there are four books being auctioned, the highest four bids ($60, $55, $54, $25) are the winning bids. All four now pay $25 (the lowest winning bid) for their books. Can I bid on my own auction? No. In an effort to prevent sellers from artificially inflating the bidding on their auctions, sellers are electronically blocked from bidding on their own items using the same account. It is also not allowed to use another account name to bid on your own items. Anyone found to be doing so risks the probable suspension of their account. < Prev   Next >

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