Many of our users have a strategy of only bidding on an auction when the price gets to a certain point. (See our section called “Strategies”) To aid these users in this strategy we developed the Bid Blitz.
When a user hits the “Bid Blitz” button, the auction will temporarily lock all other users out of that particular auction. Then, multiple bids will be placed automatically for the user. The price of the auction will go up by $.01 with each bid placed until the reserve price is met. At that point, the user can purchase the item for the reserve price. If there are not enough bids in the users account to get to the hidden reserve, the auction will be reopened to all users at the new current price.