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3.3.- Automatic bidding in Auctions

Setdart auctions has a system of raising bids that is very practical and less laborious for the buyer, it raises bids automatically. If you do not have the time to follow the bidding on a lot, or one does not have computer or cannot be connected to Internet and one knows clearly the maximum amount that one wants to pay by an object, you may use this type of auto bid, where the system raise the bid automatically for you until reaching you maximum bid, if it is necessary because there is counter offers of other users, to the maximum price that you want to pay by this lot.
Operation:

  1. When starting ones bids for an auction, the buyer must write the maximum amount that she is willing to pay by this lot. This amount stays hidden for the other buyers. Setdart auctions compare his bid with others bids later.

  2. Whenever a buyer raises his bid in an auction, the system raises your bid following the scale of increases until reaching, if it is only necessary, the maximum amount that you have indicated. If another bid displays a maximum amount higher than this it means that it is surpassed your maximum bid, but if there is no other bid that offers a maximum amount superior to his, you you pay an lesser amount to your maximum price. Setdart auctions will adjudge the lot to the price to the maximum bid received.

  3. If your bid is surpassed by another buyer in an auction, Setdart Auctions send an email to him informing you so that you, if you wish it, can raise your bid. When the auction is closed with the awarding of the lot, if you are the winner, you receive an email with the invoice, the conditions for the collection of the piece and the mode of payment.

  4. By automatic bidding, this means that you do not have to be watching of the process of raising bids in the auctions. But if you want to be totally sure to obtain a lot, it is recommendable that in the last minutes of the auction process before the awarding of the lot because, due to the rapidity of the process, often the system does not have time to send the email informing, if the case, that his maximum bid has been surpassed.

Setdart auctions does not take responsibility of the failures that can happen in this system.


 

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