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This is a Proxy auction. This means that the final price is formed during the auction from the last
maximum price offered by one of the buyers at the time the auction ends. This buyer is the winner.
You can bid with the minimum bid increment or place automatic bid by entering your max bid value for a lot. If you are the winner when using the automatic bid, you pay the price of the second highest bid (depending on the auction step), and not the maximum bid that you placed. The maximum bid value is hidden from other bidders until it is reached.
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