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How does the SmartBid service work?

April 26, 2017service SmartBid

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How does the SmartBid service work?

2 Answers

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When you bid on an auction, you are asked to provide your maximum bid. This is the amount that you are willing to pay for the lot. The artnet SmartBid service automatically bids on your behalf, as needed, up to your maximum bid. This includes bidding on your behalf to meet the reserve price at auction close in the event that there are no other competing bids. The SmartBid service will never raise your bid above the reserve price unless there are competing bids on the lot.

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When you bid on an auction, you are asked to provide your maximum bid. This is the amount that you are willing to pay for the lot. The BillionaireXchange SmartBid service automatically bids on your behalf, as needed, up to your maximum bid. This includes bidding on your behalf to meet the reserve price at auction close in the event that there are no other competing bids.