Allow Bidders to Raise Their Own Bid
We now have a feature that will allow bidders to raise their own bid in an auction.
A use case for this is if an auction company uses combination lots.
For example:
- Lot 1 - A
- Lot 2 - B
- Lot 3 - a combination of A+B
If Lot 3 has a higher bid than Lots 1 and 2 combined then Lot 3 will be marked as Sold while Lots 1 and 2 will then be marked as No Sale.
If the high bids on Lots 1 and 2 combined have a higher value than Lot 3, then Lots 1 and 2 will be sold and Lot 3 will be marked as No Sale.
So if Bidder 1 has the current high bid on Lot 3, but sees that other bidders have higher combined bids on Lots 1 and 2, Bidder 1 may then want to raise their bid.
To enable this setting, navigate to your company settings, and check the checkbox for "enable 'raise bid' button."