Jose C.
Autobidders drive prices up artifically
They seem to have autobidders that drive the prices up automatically. It seems they are artificially pushing bids up to force you to bid higher.
Response from Government AuctionMar 27, 2024
Hello Mr. Correa: I've sent you notes on 3/22 and 3/25 to your private email to explain our "Absentee Bid/Max Absentee Bid" function. We are always happy to answer any questions. To review, if client # 1 bid $10, but left a "Maximum Absentee Bid" of $100.....then when client # 2 bids $25, the "Max Absentee Bid" function will automatically outbid at $30. Next, if client # 2 increases his bid to $50, again, the "Max Absentee Bid" left by client # 1 will automatically outbid that and go to $60, etc. But finally, if client # 1 bids $110, then that $110 bid will be the winning bid (unless somehow a 3rd bidder jumps in at the last second). Just about every on-line auction and sales site lets someone set a "Max Absentee Bid" (eBay, etc.). This is why it can sometimes look - on our site and others - like something is quickly or "automatically" driving the price higher. It is the "Max Absentee Bid" function that is doing this. Finally, many of our clients love that Max Absentee Bid function, as they can set their Max Bid.....and then they don't have to be on-line, they don't have to wait around till the end of the auction, etc.......they can instead, go about their day, do their errands, etc......and then check back later to see if they were the winning bid or not. - Thx Again, The Customer Service Team



