Siebel eAuction Guide > Bidding in an Auction > Placing Bids >

Using AutoBid (My Maximum Bid)

AutoBid, also called My Maximum Bid, automatically changes your bid to the next best winning bid as soon as other bids are received. When you place your bid, you enter the highest amount (or lowest amount for a Reverse auction) that you are willing to pay in an auction, and Siebel eAuction raises your initial bid as needed until your maximum bid value is reached.

The AutoBid feature is not available when using Dutch, Vickrey, or other sealed auction types.


 Siebel eAuction Guide 
 Published: 18 April 2003