How Yahoo Proxy Bidding works

Proxy bidding makes bidding on auctions easier and less time-consuming for buyers once the auction reserve price has been met.

HOYOYO will automatically place a bid on your behalf for the lowest amount possible up to your maximum bid using an HOYOYO bidding system.  This allows you to remain the highest bidder for the auction and your proxy bid will remain confidential.  Incremental bidding will only take effect once the reserve price has been met.  To activate HOYOYO's proxy bidding system enter the maximum price you are willing to bid.

Hint!  Don't have time to monitor all your auctions?  Set a proxy bid amount and let HOYOYO do the work for you!  Proxy bidding gives you more time to get more done.

Please note: When proxy bidding is used it may appear as if one bidder has outbid another with the exact same amount.

Example: Bidder 1 has set a maximum proxy bid of 500 USD and Bidder 2 places a bid that matches that amount.  Because Bidder 1 placed his/her proxy bid earlier, it has priority and will be the current highest bid.  Bidder 2 must then place a new, higher bid of ≥ 550 USD to continue in the auction. This rule applies for any auction with two or more participants.