Proxy Bid

PROXY BID
DEFINITION:

A proxy bid lets you type in the highest amount you’re
willing to pay for an item. From there, the auction system
will place bids on your behalf—only the minimum needed to
keep you in the lead. It never jumps straight to your max
unless another bidder pushes it that high.
It protects you from constantly watching the clock and
manually rebidding, and it keeps the process fair and
automatic.