How to Bid
Once you’ve verified payment information, you’re ready to start bidding!
Here on DinoBids, you bid on individual items within a complete lot. You can bid on as many or as few items within the lot as you’d like and you will only purchase what you win.
How to Find Auctions
In order to enter an auction you will start at the home page.
Our home page lists all the auctions/lots currently on the site, along with the ending date/time of the auction.
The auctions page acts as a main hub for all of the posted auctions. Auctions are represented by auction cards, including a picture for the whole auction, the name of the original establishment and the time the auction ends. See below for an example.
Within an auction you find the individual items up for bidding. Click on an item card to enter the auction. Each card has the most important information available: a running countdown timer for that item, the starting/current bid, an image of the item and its name. See the screenshot below for an example.
On the item screen you get a more detailed look at the item up for auction. You can find information about its condition, description and more in the tabs below, as well as a short summary to the side (or on mobile, below) of the product image.
When you’re ready to bid, make sure you’re logged in and simply enter your bid into the box. See below to learn more about how the bid system works on DinoBids.
How the Bidding System Works
|From $||To $||Increment|
DinoBids operates with a global dynamic bid increment system. See the table above for reference on the global bid increments.
What this means is that, for every bid you place, it must be a minimum of the Current Bid + Increment for that price range. You can always go higher when you place your bid, but you cannot go lower.
Additionally, DinoBids operates on a proxy bidding system.
A proxy system means that you can enter a maximum bid so the system will bid for you when you can’t monitor an auction yourself. This means that, when you enter a bid, you’re actually entering your maximum bid.
You can set your maximum bid from the beginning – so if you’re only willing to pay a maximum of $50 for an item, you enter “50” in the bid box (if it’s within the current bid + increment minimum) and the system will outbid anyone if they bid lower than 50.
Let’s give an example scenario:
User A is bidding on an oven hood. He is only willing to pay a maximum of $300 for it, and he can’t monitor the auction the whole time, so he enters “300” into the bid box. As he is the first bidder, and the starting price is only $50, his current bid is set to $50.
User B is willing to monitor her bids manually, so she enters the minimum next bid which, at $50 will be $55 (50 + increment of $5).
Since User A has set his maximum bid at $300, he will automatically outbid User B by $1, setting the current price at $56 with User A winning the auction.
User C now enters the auction and is also going to set their maximum bid, this time at $305. Since User A and C have their maximum bids, the system will automatically determine the winner – which will be C. The auction will now be won by User C for $301 ($1 more than User A’s price of $300).
A user can outbid User C by setting their max bid above User C’s maximum bid. Since the minimum increment at this level is $10, they can’t bid lower than $311, and so any user who bids will beat User C.
Once you click the “Bid” button, you will be asked to confirm you’ve read our terms of service. Make sure you head over to this page and understand our terms. Click “OK” and your bid will be placed!
If you are winning an auction, you will see a “Winning” badge on top of the item card in the item’s auction page.
Please note that DinoBids works to prevent unfair bidding practices like sniping. Any bids entered within the last five minutes will extend the timer by two minutes to allow interested bidders a chance to compete.