Proxy bidding is a form of competitive sale in which bidders input the maximum bid they are willing to pay for a property they would like to purchase. The system will then automatically enter bids on their behalf, as necessary, up to their maximum bid.
If you enter a maximum bid that is the same as another lead bid, the first bidder to submit that amount would be deemed the leader. The trailing bidder would be notified with a message on the screen that "your bid was submitted successfully, but you trail an earlier bidder at the same price". The non leader would have to increase their maximum bid to become the leader.
All bids submitted on this site are submitted as proxy bids. The bid you enter after you click the Enter Max Bid link will be executed using the proxy bid system.