Bidding on a Standard Lot

How a Bidder Places a Standard Lot Bid

NOTE: For more information about Standard lots, refer to Adding a Standard Lot.

The bidder clicks the name of the to bid on. The selected lot becomes highlighted in yellow and the Bids field becomes available. Above the Bids field there is another field which displays the minimum bid decrement (Min. Bid Decrement). This is the dollar or percentage amount by which the bidder must decrease (or increase) the bid.

Standard Lot Bidding Area

The bidder types the bid amount in the Place Your Bid Amount field and clicks Submit. Iasta SmartSource asks you to confirm the bid amount.

Bid Confirmation Window

The bidder clicks OK to confirm the bid amount or return to the Live Event window without submitting the bid. If the bidder submits a bid, Iasta SmartSource displays a message stating that the bid was recorded.

NOTE: If the bid is not within the correct boundaries, an error message appears explaining why the bid was not accepted.