Bulk Bidding:
A Bulk Bid is composed of (2) or more individual lots grouped together enabling a bidder to place a single bid for the entire group. After the lots close, the Bulk Bid closing bid is compared to the sum of the individual lots closing bids. That determines if the lot(s) will be sold in bulk or individually.
The Bulk Bid wins if its closing bid is greater than or equal to the sum of the individual lot closing bids.
The Individual lots win if the sum of the individual lots’ closing bids is greater than the Bulk Bid closing bid.
Individual lots that do not meet the reserve will count as $0.00 toward the individual lot total. Also, higher proxy amounts have no value in determining the total of all individual lots in comparison to the winning Bulk Bid. ONLY the "current high bid" at the close of the lots will be used to determine if the lot will be sold in bulk or individually. When you are the high bidder of a lot in a Bulk Bid group and the reserve is met, you may increase your own bid by using a "Jump Bid" to improve your chance as the winning bidder for that lot.