Sedo will automatically place a bid on your behalf for the lowest amount possible up to your maximum bid using an increment bidding system. This allows you to remain the highest bidder for the auction and your proxy bid will remain confidential. Incremental bidding will only take effect once the reserve price has been met. To activate Sedo's proxy bidding system enter the maximum price you are willing to bid for the domain, following these steps:
- Log into your Sedo account.
- Visit My Sedo > Buyer Control Panel.
- From the drop-down menu on the right, select "Show running auctions only."
- For each auction you participate in, enter an amount in the "Your max. bid" column.
- From the "Apply to selected domains:" dropdown menu, select "Submit bids."
- Click the blue "Execute" button.
Hint! Don't have time to monitor all your auctions? Set a proxy bid amount and let Sedo do the work for you! Proxy bidding gives you more time to get more done.
Please note: When proxy bidding is used it may appear as if one bidder has outbid another with the exact same amount.
Example: Bidder 1 has set a maximum proxy bid of 500 USD and Bidder 2 places a bid that matches that amount. Because Bidder 1 placed his/her proxy bid earlier, it has priority and will be the current highest bid. Bidder 2 must then place a new, higher bid of ≥ 550 USD to continue in the auction. This rule applies for any auction with two or more participants.