How do automatic bids work?
In an auto bid the User indicates the maximum price he is prepared to pay for the Lot. The auction system sees to it that, after outbidding by a third party, the minimally possible higher bid is introduced in the name of the User, as long as the maximum indicated by the User has not been reached. A auto bid can be eliminated by the User solely by placing a static bid that at that moment is the highest bid.
