Static bid & autobid
Static bid
You bid a certain amount for an artwork. If someone enters a higher bid, you may be able to place a new bid yourself. You will receive an email if a higher bid comes in.
AutoOffer
An AutoBid can be compared to a written bid during a 'live' auction. You indicate the maximum price you are willing to pay for the artwork. The auction system arranges the bids for you: whenever someone bids higher than you, the system immediately makes another bid (based on the agreed bid increase). If necessary, this will happen until your maximum bid is reached. The system will only stop if someone else's bid exceeds your maximum. In that case you will immediately receive an email about this.
An example: someone bids €250 for an auction item and you want to spend a maximum of €450. You choose the AutoBid option and enter the amount of € 450. In the €100 - €500 category, the bid increase is €10 per bid. The system will then bid €260 on your behalf. If someone else bids €270, the system will bid €280 for you. If no one else bids, you get the auction item for €280. If the bidding continues, the system will continue to bid for you until your maximum bid of € 450 has been reached.
You can lower your automatic bid by placing a new AutoBid: then choose the bid with which you just outbid the current bid. At that point, you are still the highest bidder until someone bids higher again.