There are 2 bidding types available to you on the site.

a)      Incremental Bidding

b)      Proxy Bidding

Incremental Bidding allows you to add the minimum bid increment directly into the Enter Max Bid field. It is similar to bidding at a live auction.

Proxy Bidding allows you to decide on the maximum amount you are willing to spend on an item, leave that bid with us and let us bid on your behalf using the minimum bid increment, up to your maximum bid. If we reach your maximum bid and are still outbid, we will notify you and you will still have the opportunity to increase your maximum bid if you choose to. To place a Proxy Bid, enter the maximum amount you are willing to spend in the “Enter Max Bid” field. The system will now associate that maximum bid with you and that item.

This is a convenient means of bidding if you are not always available to increase your bid.

Note: If you place a bid on an item and immediately receive an email saying you have been outbid, that means that another bidder or multiple bidders have left Proxy Bids on that item and the system has automatically increased the bid on their behalf.

Here is a screenshot of the Item Detail for Item Number 59 (example):

Explanation of terms on the screen:

Retail or Insurance Value:

This lists the retail, market or insurance value of the item.

Current Bid:

The current high bid on the item

Min. Bid Increment:

This is the minimum amount that you can add to the current bid amount in order to successfully place a bid. Therefore if the current bid is R45, 000 and the Min. Bid Increment is R1, 000, your next bid cannot be less than R46, 000. If you enter R45, 500 the system will correct the bid and adjust it up to account for the MBI.

Enter Max. Bid:

The maximum bid can be any bid that is equal to or greater than the current bid plus the minimum bid increment.

Place Bid (Button)

Once you have entered your Max. Bid, you need to click the “Place Bid” button. This will take you through to the Bid Confirmation screen.

Time Left:

The time remaining until the auction ends.

Start Time:

The time that the auction started.

Times Viewed:

How many unique times the item has been viewed

Location:

The location where the stock is physically held

Pay Terms:

Details on the payment terms.

Shipping:

Details on the shipping options

Add to Watchlist:

If you are interested in an item but are not ready to bid on it, you can click this button to add it to your “Watched Item” list. It is like bookmarking an item. It will allow you to monitor the bidding activity on all items you are interested in, in a single location.

Alert by SMS:

You can click here to be notified by SMS (on your mobile phone when you have been outbid on an item. Simply type in your mobile number in International format. Kenny Finberg Auctions charges 50c per SMS alert.