Lot 160 Listing# 1040577 Lot Of Two Pedestal Grinders

There are two ways to enter bids for an EquipNet Auction:

1. Next Acceptable Bid : When you click Place Bid, it will be for the next incremental bid amount shown on the lot page. If another user then places a higher bid on that lot, you will need to click Place Bid again to become the highest bidder. If your are out bid it will show on the screen. This process will need to continue until the lot is closed.

2. Auto Proxy Bid : Enter the maximum amount that you're willing to spend on this item - this is your proxy bid. After your proxy is entered, the system will automatically bid the next incremental bid on your behalf as other bidders enter their bids. This will continue until your proxy bid amount has been reached or the lot closes. If the next acceptable bids exceeds your proxy bid, then you are considered outbid and the system will no longer bid for you.

Here's an example: The next bid is $10. You put a proxy bid in for $30. You're winning at $10. The bid increment is $5. Another user bids $15. The system instantly bids $20 on your behalf. Another user bids $25. The system instantly bids $30 on your behalf. You are winning at $30 until someone else outbids you.

Subject to refreshing and other competitive bids.