Quote:
Originally Posted by buymycards
Isn't a ceiling bid supposed to be unknown to the auction house? i.e. - My ceiling bid is $1000, but my actual bid at that time may only be $200. Are they talking about one increment below the actual high bid?
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You'd think so, but many of the online general auction platforms reveal ceiling bids to the auction companies. Auction Flex and Invaluable do, so if you see an auction company using either of those platforms be careful. We started our online auctions with auctionflex and that was one of the reasons we stopped using them.