APEX Cattle

Example (Single Lot): Joe wants to purchase Lot# 39 and will pay up to $2,000. He submits his Proxy Plus ticket as follows:

The computer immediately starts bidding for Joe. The current bid for Lot#39 is $600 (bid increment is $50). The computer will then put in a bid for Joe of $650. (By the end of the auction, there have been several other bids but Joe does win this lot for $950)

Example (Multi Lot): Joe would be willing to purchase any of 5 lots but he only wants 2. He creates the following ProxyPlus ticket:

Joe submits his ProxyPlus ticket and the computer immediately starts to find Joe 2 lots.
The current bid for Joe’s 1^st choice, Lot#39 is $600 (bid increment is $50). The computer will then put in a bid for Joe of $650. (By the end of the auction, there have been several other bids but Joe does win this lot for $950)
Concurrently, the bid on Joe’s 2^nd choice, Lot#22, is $2,000 so computer can’t put in a bid for Joe on this lot. The computer moves on to choice 3, Lot#16 which is currently selling for $800. The computer puts in a bid for Joe for $850. (At auction end, there have been no other bids on this lot so Joe buys the lot for $850.)