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Instant Buy Bidding |
Bidding
Instructions:
Bidding on the Lily Auction is easy and it is free. There are 2
stages of bidding:
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Review bid: Open the auction
that you want to bid on by clicking on its name in the item
list. After reviewing
the description of the item and you are sure that you want to
place a bid, you can do so by scrolling down the page, just past the
"Bid History", to the "Bidding" section. You
can also get to the bidding section by clicking on the "bid"
icon on the left side of the screen near the top of the item page, just above the
written description of the item. In the "Bidding" Form you can enter your username, password
and bid amount in the labeled boxes and then click the "review
bid" button. Please type only numerals and
the decimal point (if required). Do not include a dollar sign
('$') or commas (',').
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Place bid: After you click
on the "review bid" button, you will then see the
details of your bid on the next screen. If you agree with the bid
details, scroll down and click on the "Place bid" button. If
you do not agree then you can use your back arrow to go back and
correct your bid amount or not place the bid at all. Once you click on
the "Place bid" button, please wait until you receive
confirmation that your bid has been placed. This may take a few
seconds. Once
you press the "Place Bid" button, please allow 'Lilybot',
the auction robot, a few seconds to process your bid. Do not click the
"Place Bid" button more than once.
Binding Contract
Placing a bid is a binding contract in many
states. Do not bid unless you intend to buy this item at the amount of
your bid.
Proxy bidding for all bids
Please bid the maximum amount you are
willing to pay for this item. Your maximum amount will be kept secret. The
Auction robot, Lilybot, will bid on your behalf as necessary by increasing
your bid by the current bid increment up until your maximum is reached.
This saves you the trouble of having to keep track of the auction as it
proceeds and prevents you from being outbid at the last minute unless your
spending limit is exceeded.
There are 2 important things to
remember when placing your maximum bid:
1) If your max bid exceeds the previous bidder's maximum bid, your
displayed bid will jump to one increment above the previous bidder's max
bid.
2) If your max bid is equal to the previous bidder's max bid, the
previous user's bid will take precedence. In case of a tie for high
bidder, earlier bids always take precedence.
When an opposing bidder places a bid higher
than an existing actual displayed bid but the bid is less than the
previous bidder's maximum bid, Lilybot will enter a new proxy bid for the
previous user. The new proxy bid will be displayed at the amount that was
bid by the opposing bidder and there will be a "Bumped by:" note
next to it naming the alias of the opposing bidder. This tells the
existing bidder why their bid was increased and it also tells the opposing
bidder that their bid has not exceeded the existing bidders maximum bid.
Also, an opposing bid will not be counted unless it is higher than the
previous bidders maximum bid. In other words your bid will not count as a
bid unless it exceeds the previous bidders maximum. If it is lower or
equal in amount, it will only "bump up" the previous bidders
proxy bid. However, you can bid as many times as you like if you want to
continue to try to out-bid the previous bidder. Just remember that each
time you bid, you will have to bid a higher amount. You obviously do not
want to exceed what you feel is the value of the item. The best approach
is to simply enter the maximum bid that you feel you are willing to pay
for the item and let the proxy bidding system work for you.
Lilybot will never place your bid higher
than your maximum amount. Be sure that you enter the maxbid that you can
live with. You cannot reduce your maximum bid at a later date.
If you have bid on this item before,
note that your new bid must be greater than your previous bid. If you are
the high bidder, and wish to raise your maximum bid you may now enter a bid
higher than your previous max bid without raising your actual displayed
bid. Of course, as stated above, if your max bid equals or exceeds the
seller's reserve, your bid will jump to the reserve amount.
Instant Buy "Bidding": Bidding in
Instant Buy Items is simple and straight forward. There is no proxy bidding
and the price is the same for every count listed in the auction. When a
seller adds an Instant Buy Item and lists, say, 10 counts of the same item,
every count will be the same price (determined by the seller). You get to choose only the quantity
that you want to buy. You may choose one, all, or as many as are left in the
auction at the time you are bidding. The auction will not let you bid on more than are available.
In the bidding section of each auction you select only
the quantity that you wish to buy and then click on the "Buy"
button. There a confirmation screen in Instant
Buy
bidding where you can check and confirm your buy before you finalize it.
Once you have confirmed the buy an email notification will be sent to both the buyer
and seller and the item will then be listed in the Closed Auctions Lists for your
records. This notification will list the quantity you bought as well as the
seller's contact information. The seller will receive your contact
information and quantity you bought as well. At this point, the buyer
and seller need to contact each other to make the necessary arrangements. If
both buyer and seller agree, the transaction may be consummated immediately.
You do not have to wait until the item closes.
In addition to keeping track of all items that you won
through the Lily Auction, the auction specifically keeps track of all your
Instant buys and stores all information about them in your closed auctions
list. If, after you have bid, you do not get the email notification
please always check your closed auctions for the
information you need to complete the transaction.
After the auction has closed, click on the "View
Your Closed Auctions" link at the bottom of all the Lily Auction
pages to get to the closed auction lists and look for the
Instant Buy
ITEMS YOU WON
list. Sellers will find the Instant Buy information they need in their
Instant Buy ITEMS YOU SOLD
list.
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