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Knowledge Center

MaxAmount / BidAmount

In the MaxAmount field you may add the maximum amount of money you want to spend on the auction from this bid note. In the BidAmount field you may add the maximum price you want to bid on this LOT item. From the Bid History folder in the LOT window, BidAmount will be referred to as BidMax. When the combined auction starts, you begin to bid on the LOT with the lowest LotNo. If you have the leading bid on one item, the program will calculate the remaining amount available to use on the following LOT items. This is done by reading the MaxAmount field, then subtracting the sum of leading and/or winning bids on lots with lower LotNO than the current. If the bid note contains grouped lots, this calculation will also apply within the group. You may increase the MaxAmount on a bid note in St:4, the LOTs will then be recalculated. You can not reduce the amount on an active bid note.