Important: All auction ending times are in central time (CDT)
How is the Ending of a DPW Auction Different?
There is no more last second bidding!
Online auctions, which end at a fixed time, can cause anxiety and end in dissapointment when you lose the auction to someone who
was simply able to outbid in the last seconds.
DPW Auctions auto-extend themselves to one minute remaining when
any bid is placed within the last minute of the auction's end.
This means the auction ends only when there is no more bidding in the last minute.
This approach allows the bidder who wants the painting the most to buy it without out any sense of panic.
No need to frantically click the refresh button!
A DPW Auction page will automatically update itself to show the latest bidding during the last 10 minutes of an auction.
There is no need to click the refresh button, simply sit back and watch the timer count down the seconds remaining and
be automatically alerted if anyone outbids you.
How does DPW Auction Bidding Work?
DPW Auctions uses the familiar
Max Bid proxy approach.
When you place a bid, you are specifying
the maximum you are willing to bid and you are agreeing to allow DPW to place
bids automatically for you up to that maximum when others place bids higher than your high bid.
DPW will automatically place bids on your behalf,
up to this maximum, as others bid.
If someone else places a bid
equal to your maximum, then an auto-bid equal to your maximum is place for you and
you remain the highest bidder.
If someone else places a bid
greater than your maximum, then they become the new highest bidder and the new high
bid is equal to your last max bid plus the minimum increment in the following table:
Minimum Bid Increment
You can increase, but not decrease, your max bid at any time.
The DPW Help Center Article Link
How does DPW Auction Following work?
When you follow a DPW Auctions you are agreeing to receive email notifications whenever
a new high bid is placed on the painting you are following.
You will also receive a notification email when the auction ends.
Email to a Friend
