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BUZZ Mecanique Automatic Chronograph Watch
What is Proxy Bidding?
Proxy bidding is a convenient way to automatically bid on your items without having to continually return to your computer to check on your auctions. A Proxy Bid is a bid automatically placed by the auction system on your behalf based on the Maximum Bid Amount that you set for the particular listing. Each time you place a bid by entering your maximum bid amount (which is the most you're willing to pay for an item), you will be using our Proxy bidding system. If another bidder places a bid on your item, Proxy bidding will then bid automatically on your behalf and at the lowest possible bid increments, but not more than the maximum you specified.
The goal is to win an item at the lowest successful price. To do so, you must be the bidder who placed the highest maximum bid at auction close. You will be notified by email if another bidder has surpassed your maximum bid. In case of a tie for high bidder, earlier bids will take precedence.
What is Bid Increment?
The bid increment is the specified minimum amount you must bid over the current bid amount.
What is an English Auction?
In an English auction, buyers bid until the auction ends. The item is then sold to the highest bidder at the end of the auction period.
What is a Yankee Auction?
In a Yankee Auction, a product lot (a quantity of 2 or more identical products) goes up for auction at a starting price. You attempt to outbid other buyers by offering more money for one or more pieces in the lot. Your bid price is per each single piece and you may bid for more than one piece.
At the close of the auction, the products are awarded to the highest bidder(s) at the price they bid and for the quantity they bid for up to the available auction lot.
As an example, if 5 units are up for auction, and Bidder A bids $200 for 2 pieces, and Bidder B bids $175 for 1 piece and Bidder C bids $160 for 2 pieces, and Bidder D bids $150 for 1 piece. Bidders A, B, and C would all be winning bidders at the price each of them bid and for the quantity each of them bid for. Bidder D would be a losing bidder.
In the event that two different bidders bid the same price, then the winner is based on the quantity bid for and the time the bid was placed. Higher quantity and earliest bids take preference.
NOTE: There is no proxy bidding feature with Yankee auctions. If you win, the price you bid is the price you pay.
What does "Compare At" mean?
The "Compare At" price is the retail price at which an item or comparable item may, in the reasonable judgment of our experienced buyers, manufacturers or suppliers be sold on a everyday basis (i.e. excluding special promotions or sales) at retail stores. In many instances, though not all, "Compare At" price reflects a price suggested by the manufacturer or supplier of these goods, without reference to actual retail sales and may account to an estimation of a retail offer price in accordance with standard industry practices.
Because we sell our merchandise over the internet on a national basis, we make no guarantee that the products have been sold or offered at the "Compare At" price, and the price may or may not reflect the average prevailing market price in any area on a particular day. For some items listed as a set, the "Compare At" price may be an aggregate of the suggested or estimated prices for all items included in the set. Actual retail sales in your area may substantially differ from the "Compare At" price.
You may wish to use the "Compare At" price as a guide in your evaluation of our prices to what you would or could pay for these items in other locations, at other times, or under other conditions, including full retail.