Once you have placed a maximum bid, ShareWine's auction system will automatically increase your bid by the minimum amount specified. By doing this, you are sure to have the highest bid at all times. The system continues to outbid all other bidders up to the maximum amount you have specified.
Below is an example of a max bid. The current price is DKK 950, and a max bid of DKK 1,150 is submitted. If your max bid is not overbid, you will win the auction. This can be done at any auction on ShareWine. You just have to choose the amount you want to have as your max bid, then click "Submit max bid"
By placing an automatic max bid, you can save time, because you do not have to check the auction and placing new bids all the time. It is very helpful if you do not have the opportunity to follow the final run of an auction because ShareWine will do it for you.
Furthermore with an automatic bid, in case of 2 identical bids. The bid that was made first will win the auction. So if you use automatic bidding, you increase your chance of winning the auction.
You can only lose the auction if another bidder overbids your automatic maximum amount. If your bid is higher than the minimum price, your first bid will automatically match the minimum price.