What Is Max Bid And How Does It Work? For Each Lot In An Auction Event The Next Bid Amount Will Be Displayed. This Is The Minimum Dollar Amount Needed To Place A Bid On That Lot. These Bid Amounts Are Pre-determine And Are Listed In The Bid Increment Tab Under The Auction Terms. You May Bid In This Manner At Any Time, Including, During The Final Bidding Period At The Auction Close. However, Because There Maybe 3 To 15 Items Closing In A Relative Close Time Line, Most Of Our Bidders Find Using The Max-bid Feature Useful. The Maxbid Feature… Allows The Computer Bidding System To “bid On Your Behalf?… Using Only What Is Needed To Keep You The 'winner'. The Maxbid Feature Is The Surest Way To Win The Items You’re Interested In At The Lowest Possible Price. The Maxbid Feature Is Particularly Useful When You Are Bidding On Multiple Items Or In An Auction Event Which Has Hundreds Of Lots.