What is an auto in an auction?

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What is an auto in an auction?

Postby Cynicat » Mon Dec 30, 2019 4:03 pm

Is an auto something that you will automatically as soon as you get it as a bit accept? Or something that will just shorten the auction time?

I thought it was the first one but I’ve seen the second one a few times?
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Re: What is an auto in an auction?

Postby Burrito Bunny » Mon Dec 30, 2019 4:43 pm

Traditionally it is the way you first described it. However, it is ultimately up to the auctioneer to decide how they run their auction. They don't necessarily have to accept an auto-bid right away (or at all even) if they change their mind!
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Re: What is an auto in an auction?

Postby Cynicat » Mon Dec 30, 2019 5:17 pm

That makes sense, thank you!
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