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AutoBid

AutoBid is an automated process in which a bidder inputs a current bid and the highest bid amount (English auction) or lowest bid amount (Reverse auction) the bidder is willing to pay. The automated AutoBid process then changes the bid to the next best winning bid as other subsequent bids are received, up to the point where the system reaches the maximum (English auction) or minimum (Reverse auction) bid of the user.

The AutoBid feature is not available with Sealed-bid auctions.


 Siebel eAuction Guide 
 Published: 18 April 2003