If there is a "buy it now" price, it won't let you bid over that amount. If you're willing to wait until the auction is over, you can auto bid to 1 cent under the buy it now price. If no one bids, you get it for the starting bid price plus the next increment. If someone bids somewhere in between, you get it for the next bid increment. But, you're taking a chance someone will "buy it now", overriding the bids, you'll loose the item.
If there is no buy it now limit, you can sit and watch it, continue bidding up, or you can decide what you are willing to pay max, auto bid that amount. If you win you get it for the next increment over the highest bidder. If there is a matching high bid, the auction will extend, but you have to be there to continue fighting it out with the other bidders.
This post was edited by Steve@Advance at 07:46:56 12/25/14.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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