Q » What is an absentee bid?
Anonymous
02 Dec, 2025
A » An absentee bid is a method used in auctions allowing individuals to participate without being physically present. Bidders submit their maximum bid in advance, and the auctioneer executes the bid on their behalf, attempting to secure the item for the lowest possible price without exceeding the stated maximum. This process allows for broader participation and ensures that interested parties can bid, despite any logistical constraints.
02 Dec, 2025
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