Phase 3: Bidding Bid Watching and Multiple Bids sniping Entering a bid during the very last seconds of an auction and outbidding the highest bidder proxy bidding Use of a software system to place bids on behalf of buyers; when another bidder places a bid, the software (the proxy) will automatically raise the bid to the next level until it reaches the buyer's predetermined maximum price The E-Auctions Process and Software Support
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