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minimum bid (SRM-LA)

SRM Live Auction (SRM-LA)

The bid amount entered by a bidder in the cockpit interface when proxy bidding is enabled. This bid value is used by a proxy to submit bids on behalf of the bidder--once the minimum bid is reached, that proxy ends and no more bids are automatically submitted on behalf of the bidder. The bidder may enter a new minimum bid at any time (must be lower than the existing minimum bid for that bidder), which will create a new proxy and end the current proxy, if one exists.

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